Duerr to Sell Company Bond Without Rating, FT Deutschland Says

Aug. 24 (Bloomberg) -- Duerr AG plans to sell its next corporate bond without a rating because the company isn’t satisfied with methodology rating companies use, Financial Times Deutschland reported, citing an unidentified spokesman for the German maker of automotive painting robots.

Duerr is considering renouncing ratings on the company and can save 100,000 euros ($126,000) annually it pays for such assessments, the newspaper said.

To contact the reporter on this story: Holger Elfes in Dusseldorf at helfes@bloomberg.net.

To contact the editor responsible for this story: Celeste Perri at cperri@bloomberg.net.