EADS-NV raised today from A-/A-2 to A/A-1 long and short term corporate credit ratings by Standard and Poors
Amsterdam, 08 January 2001
EADS European Aeronautics Defence and Space Company welcomes the improvement of its credit rating. Standard and Poors raised EADS-NV today from A-/A-2 to A/A-1 long and short term corporate credit ratings.
Philippe Camus and Rainer Hertrich, Co-CEOs of EADS, stated: "We are all extremely proud and pleased about this new rating. This vote of confidence confirms the strong financial structure of the company. It shows the recognition of the success of the actions carried out by EADS since the flotation in July 2000. It proves again the efficiency as well as the great efforts put in by everybody in our teams."
EADS is the first European aeronautic, defence and space company and the leader in major European programmes such as Airbus, Eurofighter, Ariane with a strong access to the European defence markets. EADS was formed on July 10, 2000 following the merger of Aerospatiale Matra of France, DaimlerChrysler Aerospace (Dasa) of Germany and the Spanish CASA. The listing of EADS on the Frankfurt, Madrid and Paris stock exchanges marked the first pan-European offering and one of the largest European listings of the year 2000.
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