Siemens Gamesa ratings

Ratings

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Ratings
AGENCY LONG-TERM OUTLOOK DATE OF ASSESMENT
Standard & Poor's BBB- Positive May 6, 2019
Moody's Baa3 Stable May 6, 2019
Fitch BBB Stable May 22, 2019

 

The ratings can be reviewed, suspended or withdrawn by the rating agency at any time.

Rating agencies
Here you will find the definitions of the ratings used by the agencies that assign Siemens Gamesa's credit rating:
Standard & Poor's

An obligor rated 'BBB' has adequate capacity to meet its financial commitments.However, adverse economic conditions or changing circumstances are more likely to weaken the obligor's capacity to meet its financial commitments.

Ratings can be modified by the addition of a plus (+) or minus (-) sign to show relative standing position within the rating categories.

A positive outlook means that a rating may be raised over the intermediate term.


Moody's

Obligations rated "Baa" are judged to be medium-grade and subject to moderate credit risk and as such may possess certain speculative characteristics.

Moody’s appends numerical modifiers 1, 2, and 3 to each generic rating classification. The modifier 1 indicates that the obligation ranks in the higher end of its generic rating category; the modifier 2 indicates a mid-range ranking; and the modifier 3 indicates a ranking in the lower end of that generic rating category.

A stable outlook indicates a low likelihood of a rating change over the medium term.


Fitch

Good credit quality. "BBB" ratings indicate that expectations of default risk are currently low. The capacity for payment of financial commitments is considered adequate but adverse business or economic conditions are more likely to impair this capacity.

The outlook indicates the direction a rating is possible to move over a one to two-year period.



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