IR Release
Standard & Poor’s upgrades Schaeffler AG to BB
HERZOGENAURACH, April 28, 2016. The rating agency Standard & Poor’s has
upgraded Schaeffler AG’s long-term corporate credit rating to BB from BB-. The
rating upgrades reflects the reduction of indebtedness at Schaeffler AG and
Schaeffler Holding, stemming from the proceeds of the listing of Schaeffler AG
shares in October 2015 and from the sale of 94.4 mn non-voting shares in
Schaeffler AG in April 2016.
Standard & Poor’s also upgraded Schaeffler Finance B.V.’s senior secured debt
ratings to BB from BB- and the senior unsecured debt ratings B+ from B. The outlook on all ratings is stable.
The credit rating by Standard & Poor’s is a financial indicator to investors and potential investors of debt securities such as bonds to assess the likelihood the debt will
be repaid.
About Schaeffler
The Schaeffler Group is a leading global integrated automotive and industrial supplier. The
company stands for the highest quality, outstanding technology, and strong innovative ability.
The Schaeffler Group makes a key contribution to "mobility for tomorrow" with high-precision
components and systems in engine, transmission, and chassis applications as well as rolling
and plain bearing solutions for a large number of industrial applications. The technology company generated sales of approximately EUR 13.2 billion in 2015. With around 84,000 employees, Schaeffler is one of the world’s largest family companies and, with approximately 170
locations in more than 50 countries, has a worldwide network of manufacturing locations,
research and development facilities, and sales companies.
Contact:
Christoph Beumelburg
Schaeffler AG
Senior Vice President
Communications, Marketing and Investor Relations
phone +49 9132 82-4440
ir@schaeffler.com