Credit Rating

S&P Rating - BBB with negative outlook

On July 2, 2020, S&P Global assigned a preliminary long-term investment grade rating of BBB with a stable outlook to Siemens Energy AG.                                            On August 6, 2020, S&P Global assigned a preliminary long-term investment grade rating of BBB with a stable outlook to SE Global GmbH & Co. KG. After Spin-Off Completion, the preliminary long-term ratings became the long-term issuer credit ratings of Siemens Energy AG and SE Global GmbH & Co. KG.                                        On September 20, 2021, S&P Global assigned the A-2 short-term issuer credit rating to Siemens Energy AG, as well as to Siemens Energy Global GmbH & Co. KG, which reflects the BBB long-term issuer credit rating.                                                 On March 1, 2022, S&P Global revised the outlook on Siemens Energy AG and SE Global GmbH & Co. KG to negative from stable and affirmed the BBB/A-2 long- and short-term ratings.     

Rated Entity

Long-Term Rating

Outlook

Date of Assessment

Siemens Energy AG

BBB

Negative

Mar 1, 2022

Siemens Energy Global GmbH & Co. KG

BBB

Negative

Mar 1, 2022

Rated Entity

Short-Term Rating

Outlook

Date of Assessment

Siemens Energy AG

A-2

Negative

Mar 1, 2022

Siemens Energy Global GmbH & Co. KG

A-2

Negative

Mar 1, 2022