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Fitch Lowers Derichebourg Rating Amid Higher Leverage

MT Newswires·08/12/2026 04:33:17
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04:33 AM EDT, 08/12/2026 (MT Newswires) -- Fitch lowered Derichebourg's (DBG.PA) long-term issuer default rating to BB from BB+ and removed the company from rating watch negative, with a stable outlook. The credit agency said Tuesday the downgrade was attributed to the services provision company's underperformance, as well as higher leverage following its acquisition of metal recycling company Scholz Recycling Group. Fitch also noted Derichebourg's strong market position in scrap recycling, improved debt capacity, business profile, and geographic diversification, as well as its strict approach to sustaining sustainable margins.