Current credit ratings for ISS A/S

ISS has an Investment Grade rating from the two largest global credit rating agencies, Moody’s and S&P. ISS maintains a close relationship with the agencies by providing continuous and relevant information to the agencies on an ongoing basis.

Rating agencyCorporate ratingOutlookDateDownload
Standard & Poor'sBBB-Positive Outlook10 May 2023Download
Moody'sBaa3Stable Outlook9 November 2020Download
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Financial reports for ISS Global A/S

ISS Global A/S is a subsidiary of ISS A/S

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This website should not be construed as the giving of advice or the making of a recommendation (actual or implied) and should not be relied on as the basis for any decision or action. In particular, actual results and developments may be materially different from any forecast, opinion or expectation expressed in this website, or documents contained in it, and the past performance of the price of debt securities must not be relied on as a guide to their future performance. 

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In particular, the information contained on this website does not constitute an offer of securities for sale in the United States. None of the securities described directly or indirectly referred to in the information on the website have been nor will they be registered under the US Securities Act of 1933, as amended (“Securities Act”). Such securities may not be offered or sold in the United States or to, or for the account or benefit of, US persons (as defined in Regulation S under the Securities Act) unless registered under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, such registration. 

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EMTN bonds

ISS’s funding is mainly comprised by issued bonds with fixed interest rates

Issued bonds (fixed interest rate)Nominal interest rateCurrencyMaturityNominal value in DKK million2022 carrying amount in DKK million
EMTNs (EUR 300 million)2.125%EUR20242.2312.229
EMTNs (EUR 500 million)1.250%EUR20253.7183.594
EMTNs (EUR 500 million)0.875%EUR20263.7183.700
EMTNs (EUR 600 million)1.500%EUR20274.4624.450

Stories about people, places and planet

Capital allocation

We will stringently allocate capital by fulfilling four clear ambitions in prioritised order:

1. Maintaining an investment grade rating

Adhere to financial leverage target of net debt of 2.0-2.5x pro forma adjusted EBITDA and maintain investment grade rating.

2. Dividends

Pay dividend with commitment of an annual payout ratio of 20-40% of adjusted net profit for the financial year.

3. Investments

Value-creating investments in the form of M&A or enhancements of existing business.

4. Share buyback

Distribute excess cash through share buyback programmes.