Fitch Maintains Grifols Rating on Steady Performance

MT Newswires · 1d ago
06:48 AM EST, 11/04/2026 (MT Newswires) -- Fitch Ratings affirmed its BB- long-term issuer default rating on Grifols (GRF.MC), with a stable outlook, according to a Wednesday release. The rating agency attributed the affirmation to the "steady underlying performance" of the Spanish drugmaker even with near-term challenges related to China and foreign exchange movements. Meanwhile, Fitch said the stable outlook on the rating reflects its expectations that the company will generate profitable organic growth, allowing "solid" free cash flow generation. The stable outlook also depends on the group's improvement of corporate governance and a deleveraging-focused financial policy.