INTERVIEW-Schaeffler CFO wants credit rating in near term

Newswire

FRANKFURT, March 29 (Reuters) - German ball bearing maker Schaeffler will seek a rating for its operating business from credit agencies over the next few months to help it reduce its still heavy borrowing costs. "We are aiming for a rating in the coming months," finance chief Klaus Rosenfeld told Reuters on Tuesday on the sidelines of its first ever annual earnings press conference. Schaeffler GmbH, the relatively healthy and profitable operating business, pays interest of 8.5 percent to ...

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