Rating agency

Longterm Issuer Rating

Outlook

Moody's

A2

Stable 
Standard & Poor's

A

Stable 
The following Eurobonds have received “A2” rating by Moody’s and/or “A” rating by Standard & Poor’s:  
€ 1bn Notes due 2023
€ 1bn Notes due 2027
€ 600m Notes due 2023
€ 600m Notes due 2025
€ 600m Notes due 2026

€ 500m Notes due 2021
€ 500m Notes due 2026
€ 500m Notes due 2030
€ 800m Notes due 2029

€ 900m Notes due 2022
€ 850m Notes due 2024
€ 1bn Notes due 2028
€ 1.25bn Notes due 2031
