Siemens Gamesa ratings


View accounts and reports
Get into the details of our business and discover how we’re performing against our objectives. Information includes annual and quarterly reports, audited accounts, and filings.
Contact Siemens Gamesa

For retail shareholders:

For institutional shareholders and financial analysts:
Standard & Poor's BBB Stable June 4, 2021
Moody's Baa3 Negative September 28, 2020
Fitch BBB- Negative July 19, 2021


The ratings can be reviewed, suspended or withdrawn by the rating agency at any time.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 stable outlook means that the rating is not likely to change over the intermediate to longer term.


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.

The outlook is an opinion regarding the possible direction of the rating in the medium term.


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.


Further information about data protection can be found in our privacy policy.