FRANKFURT, May 16 (Reuters) - German industrial group ThyssenKrupp said on Friday it had firmed up an asset disposal plan aimed at bolstering its finances, but said the key problem was the weak market environment.
"Our assets disposal programme has become, after a strategic review from the executive board, more concrete," ThyssenKrupp's Chief Financial Officer Stefan Kirsten told an analysts' conference broadcast on the Internet.
"How concrete I cannot say because it would be bad governance... but stay tuned."
Credit ratings agency Standard & Poor's cut Thyssen's debt to "junk" status in February citing a pension fund shortfall, and the company vowed then to hasten its disposal plans.