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      "text": "BBB-/Baa3 rating with stable outlook by four rating agencies; In September, €600m new convertible bond issued; Liquidity position temporarily elevated; Continuing net debt reduction supports declining leverage ratio",
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      "text": "1) Incl. pension plan surpluses which may not be netted according to IFRS (September 30, 2025: €295m; December 31, 2024: €126m) 2) Including smaller other credit facility",
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