Credit rating

Current rating

Creditworthiness checks by independent rating agencies have a substantial effect on a company's options for raising outside capital. The better the rating, the easier the access to international credit markets and the more affordable the borrowings.

RWE investment grade ratings

(As of 6 April 2017)

Moody'sStandard & Poor'sFitch
Non-current financial liabilitiesBaa3BBB-BBB
Subordinated debt (hybrid bonds)Ba2BBBB+
Current financial liabilitiesP-3A-3F3
Current reportpdfpdfpdf

* stable for senior bonds
   negative for the EMTN programme and hybrid bonds