Rating
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 | BB+ | Ba2 |
Outlook | Stable | Stable |
Last rating action | July 24, 2017 – Rating changed from BBB- to BB+ | July 18, 2018 – Outlook changed from Negative to Stable |
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 |
Ba2 | Negative | 2017-10-25 |
Ba2 | Stable | 2018-07-18 |
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 |
BB+ | Stable | 2017-07-24 |