Vattenfall has solicited credit ratings from two rating agencies; Moody’s and Standard & Poor’s. Rating agencies assess Vattenfall and other companies according to two main parameters:
- Business risk analysis, comprising industry characteristics, competitive position, management and business strategy.
- Financial risk analysis, comprising financial policy, cash flow protection, profitability, capital structure and financial flexibility.
Current rating and outlook
|Long-term||Short-term||Outlook||Latest rating action||Rating Analyst|
|Moody’s||A3||P-2||Negative||4 June 2019
Outlook down to Negative
+ 33 1 53 30 10 77
|S&P||BBB+||A-2||Stable||12 May 2020
Rating and outlook affirmed
+46 (0)8 440 59 27
Read the latest publications from Moody's and Standard & Poor's.
|Rating agency||Long term||Short term||Latest changes|
|Standard & Poor's||BBB+||A-2||
12 May 2020
|Moody's||A3||P-2||4 June 2019
Outlook changed from stable to negative. Long-term A3 rating affirmed. Baa2 junior subordinated debt rating and short-term P-2 rating also affirmed.
18 July 2017
Outlook changed from negative to stable. Long-term A3 rating affirmed. Baa2 junior subordinated debt rating and short-term P-2 rating also affirmed.
13 May 2016
Long-term A3 rating and Baa2 junior subordinated debt ratings confirmed.
13 February 2016
Long-term A3 rating and Baa2 junior subordinated debt ratings on review for downgrade. Short-term P-2 rating affirmed.
6 August 2015
Long-term A3 rating affirmed. Outlook changed from stable to negative.
27 September 2013
Long-term rating changed from A2 to A3 with stable Outlook.
21 February 2012
Outlook changed from stable to negative.
27 July 2006
Outlook changed from positive to stable.
23 June 2005
Long-term rating changed from A3 to A2.
7 June 2005
Outlook changed from stable to positive.
10 October 2003
Outlook changed from negative to stable.
23 July 2001
Long-term rating lowered to A3 with negative outlook and short-term to P-2.