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European rating agency. Objective, transparent, independent.

Schneider Electric SE

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
A- Outlook STA 20.08.2021 26.08.2021
A- Outlook NEG 04.09.2020 10.09.2020
A- Outlook STA 27.02.2019 12.03.2019

News

  • 26.08.2021
    Creditreform Rating AG confirmed the unsolicited corporate issuer rating of Schneider Electric SE at A- and changed the outlook to stable from negative. The rating result reflects the Company´s strong global market position, good product and geographical diversification, technological know-how, and overall positive prospects in view of the growing trend in electrification and energy efficiency, sustainability and digitization. In 2020, the Group posted somewhat weaker annual results compared to the previous year, mainly driven by temporary impacts of the COVID-19 pandemic and the lower investments levels during economic downturns. Even though, we consider the company's business model as rather resilient in the long run as a result of management execution capabilities, strategic M&A acquisitions, strengthening of product portfolio, the expansion of digital services and software solutions and, last but not least, due to the increased demand for technological solutions. Hence, we have seen already a fast-paced recovery during first half year (HY) 2021, with operating performance being even stronger than in pre-pandemic periods. The Company´s financing structure and liquidity position remain solid and commensurate to its current rating level. Constraining the rating is the increase in financial debt since beginning 2020 and the Company´s relatively aggressive shareholder remuneration, as evidenced by its progressive distribution policy and recurring share buyback programs.
  • 10.09.2020
    Creditreform Rating has confirmed the rating of the unsolicited corporate issuer rating of Schneider Electric SE (SE) at A- and changed the outlook from stable to negative. This change is based on a significant decrease in revenues and results in H1 2020, predominantly caused by the negative impacts of the COVID-19 pandemic. For the fiscal year 2020, we expect sales and earnings to be significantly lower than originally planned, which could have a negative impact on the rating-relevant key figures. Furthermore, there still remains significant uncertainty regarding the further course of the pandemic and the actual economic consequences. Due to the Company´s strong diversified and partially robust business model as well as its generally sound financial figures, we confirm the rating of SE at A-.
  • 12.03.2019
    Creditreform Rating has carried out an unsolicited rating of Schneider Electric SE. The rating has been set to A- with stable outlook.