Rating

Standard & Poor's, Moody's and Fitch, the leading rating agencies, have assigned Fresenius Medical Care the following rating:

Standard & Poor's
Moody's
Fitch
Corporate Credit Rating
BB
Ba1
BB
Outlook
negative
stable
negative
Senior Secured Debt
BBB-
Baa3
BBB-
Senior Unsecured Debt
BB+
Ba2
not rated
Subordinated Debt
BB
Ba3
B+


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