6/1/2011, Düsseldorf / Germany

 

Rating agency Moody’s to upgrade Henkel

 
 

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Moody’s raises Henkel's credit ratings to A2/P1

As a result of Henkel’s improved financial position and its continued solid business performance, the rating agency Moody’s today raised both the long-term and short-term corporate credit ratings of Henkel, from A3/P2 to A2/P1 respectively. The outlook is stable.

All major rating agencies have now upgraded Henkel’s corporate credit ratings. Already on May 18, 2011, Standard & Poor’s had raised Henkel’s ratings to “A” long-term and “A-1” short-term (from “A-“ and “A-2” resp.), maintaining the stable outlook. Fitch raised its ratings for Henkel on May 25, 2011, from “A-“ to “A” for the long term and from “F2” to “F1” for the short term with a stable outlook.

Over the last two years Henkel has reduced its net debt by almost 2 billion euros from about 4,090 million euros (Q1/2009) to 2,125 million euros (Q1/2011).

Henkel AG & Co. KGaA