Handout - K+S Aktiengesellschaft
Handout - K+S Aktiengesellschaft
Handout - K+S Aktiengesellschaft
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<strong>K+S</strong> Group<br />
Net Indebtedness and Rating<br />
€ million<br />
2.000 ,<br />
1.600 ,<br />
1.200 ,<br />
Provisions for pensions<br />
Provisions for mining obligations<br />
Non-current liabilities - non-current securities<br />
Current liabilities - cash - current securities<br />
Total net debt<br />
1,085.1<br />
125.8<br />
194.3<br />
419.2<br />
1,351.3<br />
184.8<br />
95.3<br />
528.4 580.6<br />
800<br />
400<br />
0<br />
-400<br />
357.6<br />
146.3<br />
455.5<br />
93.1<br />
378.3<br />
265.9<br />
(167.3)<br />
570.0<br />
1,266.9<br />
(529.1)<br />
732.5<br />
786.6<br />
711.3<br />
*<br />
(767.3) (776.4)<br />
*<br />
610.8<br />
-800<br />
2007 2008 2009 2010<br />
2011<br />
Gearing ratio (%) 116.4 33.2 64.5 27.6<br />
19.8<br />
• The international rating agencies Standard & Poor’s and Moody’s have given <strong>K+S</strong> <strong>Aktiengesellschaft</strong> an<br />
"investment grade" rating. Standard & Poor’s rates <strong>K+S</strong> as "BBB+" (outlook: stable), while Moody’s rates it<br />
as "Baa2" (outlook: stable).<br />
* Including reimbursement claim for the Morton Salt bond (2011: € 19.4 million; 2010: € 18.9 million)<br />
January 2013 <strong>K+S</strong> Group 44