Packaging
Moodys upgrades the rating of the Gerresheimer AG to Ba1
Monday 21. February 2011 - The international rating agency Moodys has today upgraded the rating of the Gerresheimer AG to Ba1 from Ba2. The outlook given by Moodys is stable. Moodys states as reason for the upgrade the resilience and stability of the business model with limited exposure to economic cycles and materially improved financial ratios.
About Gerresheimer
Gerresheimer is an internationally leading manufacturer of high-quality specialty products made of glass and plastic for the global pharma and healthcare industry. Our comprehensive portfolio of products extends from pharmaceutical vials to complex drug delivery systems such as syringe systems, insulin pens and inhalers for safe medication dosage and application. Together with our partners, we develop solutions which set standards and have role model status in their respective market sectors.
Our Group realizes at 44 locations in Europe, North and South America and Asia revenues of around one billion Euros and has 9,500 employees. We use first-rate technologies, convincing innovations and targeted investments to systematically consolidate our strong market position.