Siemens Gamesa ratings

Credit ratings

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Standard & Poor's BBB Negative March 1, 2022
BBB Stable December 21, 2021
BBB Stable June 4, 2021
BBB Stable September 28, 2020
BBB- Positive May 6, 2019
Fitch BBB- Stable March 9, 2022
BBB- Negative July 19, 2021
BBB- Stable March 15, 2021
BBB Negative May 12, 2020
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The ratings can be reviewed, suspended or withdrawn by the rating agency at any time.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 stable outlook means that the rating is not likely to change over the intermediate to longer 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.


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