Credit Ratings
| Rating agencies | Type of Debt | Rating | Credit Watch | Outlook |
|---|---|---|---|---|
| Standard & Poor’s | Issuer Credit Rating | CCC+ | Negative | |
| €500m senior secured Notes due 2022 ('Fleet Bond') | CCC+ | |||
| Fleet Securitization ('SARF') rated under dedicated methodology: BBB ('sf') | ||||
| Moody’s | Corporate Family Rating (CFR) | Caa2 | Positive | |
| €500m senior secured Notes due 2022 ('Fleet Bond') | B3 | Positive | ||