Credit rating and bonds

AkzoNobel is committed to maintaining a strong investment grade credit rating. Regular review meetings are held between rating agencies and AkzoNobel senior management. See the table below for the current credit ratings and outlook.

Rating agency

Long-term rating

Outlook

1

Rating affirmed January 2019.

2

Rating affirmed October 2018.

Moody’s 1

Baa1

Stable

Standard & Poor’s 2

BBB+

Stable

Bonds

On November 8, 2019, a €500 million Floating Note Rate reached maturity and was repaid. The maturity schedule of outstanding bonds is shown below.

Debt maturity1

in € millions (nominal amounts)

AkzoNobel and the capital markets – Bonds – Debt maturity (bar chart)

1 At the end of 2019.