Independent rating agency Hoppenstedt awards a 1.7 …
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Deutsche Börse Commodities: The independent rating agency Hoppenstedt gave Deutsche Börse Commodities GmbH a rating of “excellent creditworthiness”. The rating agency awarded the company a score of 1.7 points on a scale of 1 to 6. The score reflects factors such as equity ratio, debt structure and operating margin.
“We are pleased to be awarded this score by an independent rating agency and feel this confirms our excellent business model,” said Martina Gruber, managing director at Deutsche Börse Commodities GmbH. “The joint venture Deutsche Börse Commodities is owned by seven strong partners, including Deutsche Börse. Xetra Gold, the bearer bond physically backed 100% by gold, is our sole business objective, meaning investors will hardly find more security anywhere.”
56.2 tonnes of gold valuing around €2.2 billion are currently stored in the German central vault for securities.
Source: ETFWorld – Deutsche Boerse
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