Philips’ rating

Philips’ existing long-term debt is rated A3 (with stable outlook)2) by Moody’s and A- (with stable outlook)1) by Standard & Poor’s. It is Philips’ objective to manage its financial ratios to be in line with an A3/A- rating. There is no assurance that Philips will be able to achieve this goal. Ratings are subject to change at any time. Outstanding long-term bonds and credit facilities do not have a repetitive material adverse change clause, financial covenants or credit rating-related acceleration possibilities.



Credit rating summary
 
long-term
short-term
outlook
 
 
 
 
Standard and Poor’s
A-
A-2
Stable1)
Moody’s
A3
P-2
Stable2)
1)
On July 24, 2013, Standard and Poor’s changed the outlook from negative to stable
2)
On February 6, 2014, Moody’s changed the outlook from negative to stable
(0)
(0)
This is an interactive electronic version of the Philips Annual Report 2013 and also contains certain information in summarized form. The contents of this version are qualified in their entirety by reference to the printed version of the full Philips Annual Report 2013. This printed version is available as a PDF file on this website. Information about: forward-looking statements, third-party market share data, fair value information, IFRS basis of presentation, use of non-GAAP information, statutory financial statements and management report, reclassifications and analysis of 2013 compared to 2012.