Rating

The company and the corporate bond are rated by the rating agencies Moody's and Standard & Poor's.

The external ratings have remained unchanged over the course of the year. At the end of the third quarter the company rating by Moody's was therefore "B2". Standard & Poor’s maintained the Logwin Group's rating at "B". Both rating agencies continued to rate the outlook as "stable".

As a result of an adjustment to its rating methodology, Standard & Poor’s increased its rating for the corporate bond from "CCC+" to "B-" which is just one rating level lower than the group rating. Moody's rating for the corporate bond is still two notches lower than for the group.

  Logwin Group Corporate Bond Outlook Date
Moody's B2 Caa1 Stable April 2008
Standard & Poor's B B- Stable November 2008
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