Credit ratings

Vattenfall has received solicited credit ratings from two rating agencies; Moody’s and Standard & Poor’s. Solicited rating means that the rating has been issued upon request by Vattenfall. 

In addition, the rating agency Fitch has issued an unsolicited rating of Vattenfall which has not been requested by Vattenfall and which is solely based on publicly available information.

Rating agencies assess Vattenfall and other companies according to two main parameters:

  • Business risk analysis, comprising industry characteristics, competitive position, management and business strategy.
  • Financial risk analysis, comprising financial policy, cash flow protection, profitability, capital structure and financial flexibility.

 

Rating agency Long term Short term Latest changes
 Standard & Poor's A- A-2  

9 December 2011

Long-term rating lowered to A- and short term to A-2. Outlook changed from negative to stable.

23 December 2009

Outlook changed from stable to negative.

30 June 2009

Long-term rating upgraded to A and short term to A-1.

6 September 2006

Outlook changed from positive to stable.

21 June 2005

Outlook changed from stable to positive.

4 April 2003

Outlook changed from negative to stable.

3 July 2001

Long-term rating lowered to A- and short term to A-2.

 

 Moody's  A3  P-2  

27 September 2013

Long-term rating changed from A2 to A3 with stable Outlook.

21 February 2012

Outlook changed from stable to negative.

27 July 2006

Outlook changed from positive to stable.

23 June 2005

Long-term rating changed from A3 to A2.

7 June 2005

Outlook changed from stable to positive.

10 October 2003

Outlook changed from negative to stable.

23 July 2001   

Long-term rating lowered to A3 with negative outlook and short-term to P-2.
Last updated: 2013-10-23 14:21