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European rating agency. Objective, transparent, independent.

Long-Term Local Currency Senior Unsecured Issues

SAP SE

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
A+ Outlook POS 14.03.2024 20.03.2024
A+ Outlook STA 24.03.2023 29.03.2023
A+ Outlook STA 19.12.2022 21.12.2022
A+ Watch UNW 01.07.2022 06.07.2022
A+ Outlook STA 25.05.2022 31.05.2022
A+ Outlook STA 22.06.2021 25.06.2021
A+ Outlook STA 24.08.2020 25.08.2020
A+ 24.08.2018 29.08.2018

News

  • 20.03.2024
    Creditreform Rating has affirmed the unsolicited corporate issuer rating of SAP SE at A+. Creditreform Rating has also affirmed the unsolicited corporate issue rating of the long-term local currency senior unsecured notes issued by SAP SE at A+. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. The outlook for the ratings changed to positive from stable. The initial unsolicited short-term rating of SAP SE has been set to L1. For more details regarding the ratings, please refer to our update report below.
  • 29.03.2023
    Creditreform Rating has affirmed the unsolicited corporate issuer rating of SAP SE at A+. Creditreform Rating has also affirmed the unsolicited corporate issue rating of the long-term local currency senior unsecured notes issued by SAP SE at A+. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. The outlook for the ratings remains stable. For more details regarding the ratings, please refer to our rating report below.
  • 21.12.2022
    Creditreform Rating has affirmed the unsolicited corporate issuer rating of SAP SE at A+. Creditreform Rating has also affirmed the unsolicited corporate issue rating of the long-term local currency senior unsecured notes issued by SAP SE at A+. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. Creditreform Rating has set the outlook to stable. The addition of Watch UNW has been omitted. For more details regarding the ratings, please refer to our press release below.
  • 06.07.2022
    Creditreform Rating has set the unsolicited corporate issuer and issue ratings of A+ of SAP SE and of the EUR-denominated long-term senior unsecured issues of SAP SE on Watch UNW. The debt securities are included in the ECB's list of eligible marketable assets, which is available on the European Central Bank's website. An outlook is not applicable. For further details on the ratings, please refer to the press release below.
  • 31.05.2022
    Creditreform Rating has affirmed the unsolicited corporate issuer rating of SAP SE at A+. Creditreform Rating has also affirmed the unsolicited corporate issue rating of the long-term local currency senior unsecured notes issued by SAP SE at A+. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. The outlook for the ratings remains stable. For more details regarding the ratings, please refer to our update report below.
  • 25.06.2021
    Based on the unsolicited corporate issuer rating of SAP SE (A+ / stable) Creditreform Rating has conducted unsolicited corporate issue ratings (ISIN) issued by SAP SE. The rating objects in question are exclusively long-term senior unsecured issues denominated in Euro, which have been issued by SAP SE and included in the list of ECB-eligible marketable assets. The ECB list of eligible marketable assets can be found on the ECB´s website. All the following issues (ISIN) are rated with A+ / stable.
  • 25.08.2020
    Based on the unsolicited corporate issuer rating of SAP SE (A+ / stable) Creditreform Rating has conducted unsolicited corporate issue ratings (ISIN) issued by SAP SE. The rating objects in question are exclusively long-term senior unsecured issues denominated in Euro, which have been issued by SAP SE and included in the list of ECB-eligible marketable assets. The ECB list of eligible marketable assets can be found on the ECB´s website. All the following issues (ISIN) are rated with A+ / stable.
  • 29.08.2018
    Based on the unsolicited corporate issuer rating of SAP SE (group) (A+/stable), Creditreform Rating has conducted unsolicited corporate issue ratings (ISIN) issued by SAP SE (group).
    The rating objects in question are exclusively long term senior unsecured issues denominated in Euro, which have been issued by SAP SE (group) and included in the list of ECB-eligible marketable assets. The ECB list of eligible marketable assets can be found on the ECBs website. All the following issues (ISIN) are rated with A+.

ISIN Liste

ISIN Action Validity Date Maximum Validity
XS2176715667 26.05.2020
XS2176715584 26.05.2020
XS2176715311 26.05.2020 17.05.2023
DE000A2TSTG3 11.12.2018
DE000A2TSTF5 11.12.2018
DE000A2TSTE8 11.12.2018
DE000A2TSTD0 11.12.2018 10.03.2022
DE000A2TSTC2 11.12.2018 10.12.2020
DE000A14KJF5 05.12.2018
DE000A2G8VS7 05.12.2018 15.03.2021
DE000A2G8VT5 05.12.2018
DE000A2G8VU3 05.12.2018
DE000A14KJE8 05.12.2018 02.04.2020
DE000A13SL26 05.12.2018 21.02.2023
DE000A13SL34 05.12.2018
DE000A1R0U23 05.12.2018 25.11.2019