Bonds

Bonds

Bonds are the traditional way to obtain long-term financing via the capital market. Siemens issued its recent bond in 2018. Siemens reserves the right to continue to make regular appearances on the world's capital markets and diversify its investor base. The following table summarizes the Siemens bonds currently outstanding.
Rating

Rating

Credit ratings are opinions of future creditworthiness, derived by fundamental credit analysis and expressed through a symbol system. Fundamental credit analysis incorporates an evaluation of market position, competition, management assessment and financial statement assessment. Credit analysis consists of opinion forecasts about the probability that an obligor will make promised payments (principal and interest). It seeks to predict the credit performance of bonds, other financial instruments, or firms across a range of plausible economic scenarios some of which will include credit stress.
Rating Agency
Long Term
Short Term
Outlook
last update
Moody's Investors Service
A1
P-1
stable
Feb 2015
Standard & Poor's
A+
A-1+
stable
Nov 2012
Rating History

Rating History

Siemens is rated by Moody's Investors Service and Standard & Poor's since 1995. The rating is updated on a regular basis. The following schedule illustrates the development of Siemens' rating since initiating coverage.

Moody's Rating History

Rating Action
Long Term
Outlook
Short Term
May 2013
Aa3
negative
P -1
June 2012
Aa3
stable
P -1
September 2011
A1
positive
P -1
November 2007
A1
stable
P -1
June 2006
Aa3
negative
P -1
January 2004
Aa3
stable
P -1
December 2002
Aa3
negative
P -1
January 1999
Aa3
stable
P -1
January 1998
Aa1
negative
P -1
July 1997
Aa1
stable
P -1
December 1995
Aaa
stable
P -1

S&P Rating History

Rating Action
Long Term
Outlook
Short Termn
April 2011
A+
positive
A - 1+
June 2009
A+
stable
A - 1
June 2007
AA -
negative
A - 1+
April 2007
AA-
negative watch
A - 1+
December 2006
AA -
negative
A - 1+
June 2006
AA -
negative watch
A - 1+
February 2002
AA -
stable
A - 1+
July 1998
AA
negative
A - 1+
March 1998
AA +
stable
A - 1+