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-.
Creditreform Rating has carried out an unsolicited rating of Schneider Electric SE. The rating has been set to A- with stable outlook.