Fixed income and credit ratings | Grifols

Company

We improve the health and well-being of patients around the world.

Four business divisions united by a shared commitment to quality, safety and on-going innovation.

Commitment

Patients inspire the work we do every day.

We support the development of the scientific community and its research efforts.

Innovation

Take a look at the portfolio of products and therapies currently in development.

AMBAR, an ambitious research project on Alzheimer's.

Team

We strive to cultivate a friendly, diverse and inclusive work environment.

Grifols is becoming increasingly global. A diverse team will remain a key component to our future success.

Products and services

FIXED INCOME AND CREDIT RATINGS

Fixed income and credit ratings

2018

2018

Current Credit Rating

	S&P	Moody's
Corporate Rating	BB	Ba3
Senior secured debt	BB+	Ba2
Senior unsecured debt	B+	B2
Outlook	Stable	Neutral
Latest review	June 2018 (upgarade)	November 2017 (NC)

NC: No changes following the lastest review

Current Debt Issues

Issuer	Issue date	Amount (M)	Currency	Term at issue (years)	Maturity	Coupon	Coupon payment	ISIN Code
Grifols S.A.	1 May 2017	1,000	EUR	8	1 May 2025	3.20%	Semi-Annual	XS1598757760 XS1598758578

2017

2017

Credit Rating December 2017

	S&P	Moody's
Corporate Rating	BB	Ba3
Senior secured debt	BB	Ba2
Senior unsecured debt	B+	B2
Outlook	Stable	Neutral

2016

2016

Credit Rating December 2016

	S&P	Moody's
Corporate Rating	BB	Ba3
Senior secured debt	BB	Ba2
Senior unsecured debt	B+	B2
Outlook	Stable	Neutral

2015

2015

Credit Rating December 2015

	S&P	Moody's
Corporate Rating	BB	Ba2
Senior secured debt	BB	Ba1
Senior unsecured debt	B+	B1
Outlook	Stable	Neutral

2014

2014

Credit Rating December 2014

	S&P	Moody's
Corporate Rating	BB	Ba2
Senior secured debt	BB	Ba1
Senior unsecured debt	B+	B1
Outlook	Stable	Negative

2013

2013

Credit Rating December 2013

	S&P	Moody's
Corporate Rating	BB	Ba2
Senior secured debt	BB+	Ba1
Senior unsecured debt	B+	B1
Outlook	Stable	Negative

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