Moody’s resets your rating to the gun-maker of the EU

  • Moody’s resets your rating to the gun-maker of the EU
    Independent.t. E.
    International rating Agency Moody’s (Moody’s) yesterday withdrew the Caa1 corporate family rating of Heckler & Koch (CFR), Caa1-PD probability of default rating (pdr) and its negative Outlook.
    https://www.independent.ie/business/world/moodys-reloads-its-rating-on-eu-gunmaker-37217258.html
    https://www.independent.ie/incoming/article37217008.ece/01fa9/AUTOCROP/h342/DH1___Karl_finds_McClane.jpg

  • Email

International rating Agency Moody’s (Moody’s) yesterday withdrew the Caa1 corporate family rating of Heckler & Koch (CFR), Caa1-PD probability of default rating (pdr) and its negative Outlook.

Moody’s has decided to withdraw the ratings for its own business reasons.

With headquarters in Oberndorf, Germany, Heckler & Koch is a private Contractor in the small arms sector.

Heckler & Koch mainly supply the armed forces of NATO equivalent to the NATO, European and us special forces, European police forces and US Federal law enforcement agencies.

The company also serves the commercial market. In 2017, Heckler and Koch sales reached €182 m and reported EBITDA of 30 million euros.

The company’s notable products include the MP5, UMP, G3, hk417 battle rifles, rifles, HK-33, g36, HK416 assault rifles, MG5, HK21 General purpose machine guns, MP7 personal defense weapon, USP series of handguns and the high-precision PSG1 sniper rifle. Equipment, featured in many Hollywood films, especially machine guns, which were the weapon of choice for villains Hans Gruber in the movie die hard, starring Bruce Willis. (Bloomberg)

Online Business Classes