11/14/2008, Düsseldorf

 

S&P and Moody’s affirm Henkel’s credit ratings

Single A ratings after successful Ecolab divestiture affirmed

As a result of the successful divestiture of Henkel’s full stake (72.7 million shares) in Ecolab Inc., St. Paul/Minnesota, USA, and the intended use of the proceeds to reduce net debt, the rating agencies Standard & Poor’s and Moody’s affirmed Henkel’s credit ratings and outlook. Standard & Poor’s rates Henkel unchanged at “A” long-term and “A-1” short-term with a stable outlook, Moody’s at “A2” long-term and “P1” short-term with a negative outlook.