Ratings
E.ON is rated by the two international rating agencies Moody's and Standard & Poor's. A positive evaluation of E.ON's credit rating by these two agencies is an important prerequisite for E.ON's success on the debt capital markets.
E.ON targets a solid single A rating (based on currently known methodologies of the rating agencies).
The following table shows the latest ratings assigned to E.ON SE:
| Long-term Rating | Short-term Rating | Outlook | Analyst | |
|---|---|---|---|---|
| Standard & Poor's | A- | A-2 | stable | Tuomas Ekholm Tel. +49 69 33 999 123 tuomas_ekholm@standardandpoors.com |
| Moody's | A3 | P-2 | stable | Niel Bisset Tel. +44 20 7772 5344 niel.bisset@moodys.com |
The following relation exists between long-term and short-term ratings:
| Moody's long-term Rating | Moody's Short-term Rating | Standard & Poor's Long-term Rating | Standard & Poor's Short-term Rating | - |
|---|---|---|---|---|
| Aaa | P-1 | AAA | A-1+ | Investment Grade |
| Aa1 | P-1 | AA+ | A-1+ | Investment Grade |
| Aa2 | P-1 | AA | A-1+ | Investment Grade |
| Aa3 | P-1 | AA- | A-1+ | Investment Grade |
| A1 | P-1 | A+ | A-1+/A-1 | Investment Grade |
| A2 | P-1/P-2 | A | A-1 | Investment Grade |
| A3 | P-1/P-2 | A- | A-1/A-2 | Investment Grade |
| Baa1 | P-2 | BBB+ | A-2 | Investment Grade |
| Baa2 | P-2/P-3 | BBB | A-2 | Investment Grade |
| Baa3 | P-3 | BBB- | A-3 | Investment Grade |
| Ba1 | not prime | BB+ | A-3/B | Non-Investment Grade |
| Ba2 | not prime | BB | B | Non-Investment Grade |
| Ba3 | not prime | BB- | B | Non-Investment Grade |
| B1 | not prime | B+ | B | Non-Investment Grade |
| B2 | not prime | B | B | Non-Investment Grade |
| B3 | not prime | B- | B | Non-Investment Grade |
| Caa | not prime | CCC+ | C | Non-Investment Grade |
| Ca | not prime | CCC | C | Non-Investment Grade |
| C | not prime | CCC- | C | Non-Investment Grade |
| / | / | D | / | Non-Investment Grade |
