Moody’s revises KION view to positive

Moody's Investors Service said it changed the outlook on the Ba2 corporate family rating and the Ba2-PD probability of default rating of KION Group AG, as well as the Ba2 rating of the senior notes issued by KION Finance SA, to positive from stable.

Concurrently, the agency affirmed these ratings.

"Our decision to change the outlook on KION's Ba2 rating to positive was mainly driven by the company's continued improvement in margins and deleveraging in 2014 and our expectation that KION will maintain conservative financial policies that could over time lead to an upgrade of the rating" Martin Fujerik, Moody's analyst and lead analyst for KION, said in a news release.

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