05/18/2011, Düsseldorf / Germany


Standard & Poor’s rating upgrade




Name Lars Witteck
  Head External Communications | Headquarters, Düsseldorf / Germany
Phone +49-211-797-2606
Fax +49-211-798-4040
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Name Wulf Klüppelholz
  Corporate Media Relations | Headquarters, Düsseldorf / Germany
Phone +49-211-797-1875
Fax +49-211-798-4040
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S&P upgrades Henkel’s credit ratings to A/A-1

As a result of Henkel’s improved financial profile and its continued solid business performance, the rating agency Standard & Poor’s today upgraded Henkel’s Corporate credit ratings to “A” long-term and “A-1” short-term (from “A-“ and “A-2” resp.). The outlook is stable.

“We are pleased about the rating upgrade which reflects both our continuous efforts to improve our financial position by reducing net debt and the quality of our business results over the last quarters,” commented Henkel CFO Lothar Steinebach. “By regaining our target rating we will further improve Henkel's high credit quality and our excellent access to the capital markets.”

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).

This document contains forward-looking statements which are based on the current estimates and assumptions made by the corporate management of Henkel AG & Co. KGaA. Forward-looking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate and similar formulations. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by Henkel AG & Co. KGaA and its affiliated companies depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside Henkel’s control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. Henkel neither plans nor undertakes to update forward-looking statements.

Henkel AG & Co. KGaA