Credit rating and bonds

AkzoNobel is committed to retaining a strong investment grade credit rating. Regular review meetings are held between rating agencies and AkzoNobel senior management. See the table below for the credit ratings and outlook at year-end 2022.

Rating agency

Long-term rating

Outlook

Moody’s1

Baa1

Negative

Standard & Poor’s2

BBB

Stable

1

Rating affirmed on October 11, 2022.

2

Rating updated on November 22, 2022.

The maturity schedule of outstanding bonds is shown below.

Bonds maturity

in € millions (nominal amounts)