S&P gives Ramudden B

S&P said it assigned a B rating to Ramudden Holdco AB, the holding company for Work Zone Safety Group, the parent of AVS Holding GmbH and AVS Group GmbH. The agency also affirmed its B ratings for AVS Group and its rated debt.

Concurrently, S&P withdrew its rating for AVS Holding.

“WZS Group is now issuing its consolidated financial statements at the level of Ramudden Holdco AB, a holding company sitting above AVS Holding GmbH,” S&P said in a press release.

The outlook is stable.

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