Debt
Bonds are the traditional way to obtain long-term financing via the capital market. Siemens issued its most recent bond in 2009. 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.
Debt
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
| Rating Agency | Long Term | Short Term | Outlook | last update |
|---|---|---|---|---|
| Moody's Investors Service | A1 | P-1 | positive | Sep 2011 |
| Standard & Poor's | A+ | A-1+ | positive | Apr 2011 |