Bilfinger ISP Germany GmbH

Bilfinger Receives Investment Grade Rating from S&P Global

05/14/2025

Mannheim, Germany. S&P Global Ratings, one of the leading rating agencies for the financial markets, today upgraded the issuer rating of international industrial services provider Bilfinger by one notch to BBB- with stable outlook. Bilfinger SE last held an investment grade rating 10 years ago. The current rating reflects Bilfinger's improved profitability and solid free cash flow generation.

“We are very pleased about the new rating and see it as confirmation of the successful implementation of our strategy. After ten years, Bilfinger is returning to the ranks of investment-grade companies. This will allow us to raise dept capital more easily and on significantly better terms,” said Matti Jäkel, Bilfinger Group CFO.

In their report, S&P highlights Bilfinger’s sustained margin improvement and the solid free cash flow generation, among others. According to S&P, the stable outlook reflects their expectation of a continued strong balance sheet.

S&P assesses the creditworthiness of companies and assigns investment grade ratings to those with high credit quality. The rating agency had already given Bilfinger a positive outlook in 2024. With the upgrade to investment grade, Bilfinger is now achieving a key target of its financial policy.

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Anette Weidlich
Chief Communications & Public Affairs Officer
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Your service provider in the industry

Bilfinger Bilfinger ISP Germany GmbH, headquartered in Oberhausen, is one of the market leaders in the field of scaffolding services, corrosion protection, insulation technology, as well as rope access, positioning technology and height rescue.

Founded in 1906, Bilfinger ISP Germany GmbH can look back on a success story spanning more than 100 years.
Today, around 1,500 employees work for numerous well-known customers in the chemical, petrochemical, energy supply and steel industries throughout Germany.

Our Services

Scaffolding

- Industrial scaffolding

- Special scaffolding

- Scaffolding coordination

- 3D planning

Insulation

- Heat / cold insulation
- Sound insulation
- fire protection
- cold room construction
- industrial facades
- deconstruction
- Deep-freeze insulation
- Energy efficiency analysis with TIPCHECK

Corrosion protection

- Concrete repair
- fire protection coating
- painting works
- Sponge jet blasting
- TSA Coating
- WHG & floor coatings

Rope access and positioning technology

- Inspections
- Construction services
- Maintenance services

We perform our services on onshore and offshore installations, refineries, power plants, drilling platforms and factories.

Our Markets

Pharma & Biopharma

Clients from the pharmaceutical and biopharmaceutical sectors rely on Bilfinger as a long-standing partner with extensive experience and the ability to successfully manage a diverse range of requirements. In our role as an industrial service provider, we rely on proven project management and a structured work methodology to efficiently implement even challenging major projects with tight deadlines. Our professional end-to-end solutions reduce interface problems, establish clear responsibilities and minimize the effort required for supplier management.

(Petro-)Chemical Industry

Bilfinger supports companies in the chemical and petrochemical industries in finding solutions and implementing them to make their plants more sustainable, efficient and future-proof. Our broad range of industrial services offers security for the entire life cycle of your plants, from early planning to efficiency-enhancing maintenance and decommissioning.

Oil & Gas

Over many decades, Bilfinger has successfully cooperated with companies from the oil and gas sector on a global level.

The advancing energy transition requires significant changes. Whether it is the conversion of a refinery to the production of low-sulfur fuels or a petrochemical company's search for sustainable alternatives to conventional petrochemical products - Bilfinger stands ready as a reliable partner. Our many years of experience enable companies worldwide to make the right decisions and implement them successfully.

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