Rating strategy

Ericsson has solicited credit ratings by Moody's and Standard & Poor's.

Ericsson considers an investment grade credit rating key for financial flexibility. The rating provides access to the debt capital market at attractive terms & conditions thereby reducing refinancing risk and alleviating swift execution of strategic decisions.

Ericsson actively manages the relationships with the agencies providing regular updates and meetings for a close and open dialogue.

Present rating

The present rating and outlook from Moody's and Standard and Poor's are shown below:

  Standard & Poor's Moody's
Corporate Credit Rating BBB- Ba1
Outlook Negative Stable
Last rating action March 31, 2017 – Rating changed from BBB to BBB- May 3, 2017 – Rating changed from Baa3 to Ba1

 

Press releases on ratings

Moody's

Rating change   Press release
A1    
A3   2001-04-26
Baa1 Negative 2001-10-26
Baa2 Negative 2002-02-18
Baa3 Negative 2002-06-17
Ba1 Negative 2002-07-26
Ba2 Negative 2002-09-12
B1 Negative 2003-02-17
Ba2 Positive 2004-08-10
Ba1 Positive 2005-03-01
Baa3 Positive 2005-04-11
Baa2 Stable 2006-06-27
Baa1 Stable 2007-05-14
A3 Stable 2011-06-10
A3 Negative 2013-02-07
Baa1 Stable 2014-05-05
Baa1 Stable 2016-07-06
Baa2 Review 2016-10-14
Baa3 Negative 2016-12-15
Ba1 Stable 2017-05-03

 

Standard & Poor's

Rating change   Press release
A+    
A Negative 2001-01-30
A+ Negative 2001-05-14
BBB+ Negative 2001-11-13
BBB Negative 2002-05-16
BBB- Negative 2002-07-22
BB+ Negative 2002-08-01
BB Negative 2002-11-07
BB+ Positive 2004-11-10
BBB- Positive 2005-02-28
BBB- Stable 2005-10-26
BBB+ Stable 2007-06-15
BBB+ Negative 2007-11-27
BBB+ Stable 2009-03-03
BBB+ Negative 2013-01-08
BBB+ Stable 2014-08-28
BBB+ Negative 2016-07-25
BBB Negative 2016-10-17
BBB- Negative 2017-03-31