Philips’ rating

Philips’ existing long-term debt is rated A3 (with stable outlook)2) by Moody’s and A- (with negative outlook)1) by Standard & Poor’s. As part of the capital allocation policy, it is Philips’ ambition to manage its financial ratios to be in line with an A3/A- rating. There is no assurance that Philips will be able to achieve this goal. Ratings are subject to change at any time. The Company’s outstanding long-term debt and credit facilities do not contain financial covenants or cross acceleration provisions that are based on adverse changes in ratings or on material adverse change.

Philips Group
Credit rating summary
2014
 
long-term
short-term
outlook
Standard and Poor’s
A-
A-2
Negative1)
Moody’s
A3
P-2
Stable2)
1)
On October 2, 2014, Standard and Poor’s changed the outlook from stable to negative
2)
On February 6, 2014, Moody’s changed the outlook from negative to stable
This item is optimized for devices with a larger screen. You can still view this item in PDF format.
Download PDF
(0)
(0)

CO2-equivalent or carbon dioxide equivalent is a quantity that describes, for a given mixture and amount of greenhouse gas, the amount of CO2 that would have the same global warming potential (GWP), when measured over a specified timescale (generally 100 years).