Reporting

Investment Grade Ratings

JAB is committed to maintaining strong investment-grade credit ratings. To support this objective, the company adheres to disciplined financial parameters, including a maximum loan-to-value (LTV) ratio of 15% and an interest coverage ratio of at least 1–2x.

JAB operates with a prudent buffer below its maximum LTV ceiling in order to absorb market volatility, including foreign exchange movements. Should the LTV temporarily exceed the defined threshold, JAB is committed to restoring headroom through timely and appropriate remedial actions.

No Indebtedness Guarantees

JAB does not provide guarantees for the indebtedness of its portfolio companies.

As a long-term owner and steward of its assets, JAB is not structured as a private equity fund. Its core banking relationships span across platforms, reflecting the principle of “independent companies, one ecosystem,” while preserving financial separation and discipline at each entity level.

Sufficient Liquidity

JAB maintains sufficient liquidity to meet its financial obligations as they fall due under both normal and stressed conditions, without incurring unacceptable losses or exposing the Group to reputational risk.
Liquidity resources are structured to cover at least five years of debt maturities and operating expenses, ensuring resilience across economic cycles.

Prudent Risk Management

JAB applies a disciplined and continuous approach to risk management. Liquidity, leverage, and LTV levels are actively monitored, and action plans are regularly developed, reviewed, and adjusted as necessary.

Risk oversight begins at the asset level, where leverage, liquidity, operational performance, business risks, and ESG factors are systematically assessed across the portfolio.

Rating Information