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Credit Ratings

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

Credit rating

Standard & Poor’s



A flat








Assessment of the creditworthiness of a company as published by rating agencies.

Rating Schließen

Credit Ratings

Overview of the different ratings from Standard & Poor’s and Moody’s.

As a result of continued solid business performance and an improved financial position, Henkel has been awarded its target rating A flat/A2 by Standard & Poor's and Moody's since 2011. The outlook is stable.

Henkel Credit Default Swap

A Credit Default Swap (CDS) is a financial instrument for hedging credit risk. By buying a CDS, a market participant hedges certain risks arising from credit relationships in exchange for a premium, which is referred to as a CDS Level. The higher the level, the higher the default risk estimated by the market for the issuer.

The following graph shows the development of Henkel’s five-year CDS compared to the CDS index iTraxx Europe with the same maturity. This index encompasses 125 major European companies. Henkel’s default risk is estimated constantly lower than the average risk of these companies.

Instrument used by Henkel to evaluate the credit risks of banks. 

Credit default swap Schließen