Credit Ratings

With ratings in the A and A2 category respectively, Henkel has investment grade credit ratings. Henkel is rated as follows:

Rating Standard & Poor’s

Rating Moody’s

Rating Scope Ratings

Long Term Financial Liabilities

A

A2

A

Outlook

stable

stable

stable

Commercial Paper

A-1

P-1

S-1

Other Short Term Financial Liabilities

A-1

P-1

S-1