thyssenkrupp AG — Capital/Financing Update 2005

Feb 10, 2005

News Details

Ad-hoc | 10 February 2005 17:04

ThyssenKrupp AG:RETURNED TO INVESTMENT GRADE STATUS BY STANDARD & POOR’S (S&P)

Ad hoc announcement §15 WpHG Rating ThyssenKrupp AG:RETURNED TO INVESTMENT GRADE STATUS BY STANDARD & POOR’S (S&P) Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— THYSSENKRUPP RETURNED TO INVESTMENT GRADE STATUS BY STANDARD & POOR’S (S&P) Following the successful closing of the sale of the Residential Real Estate business, Standard & Poor’s today upgraded ThyssenKrupp’s issuer rating by one notch from “BB+” to “BBB-“. The issue rating for outstanding ThyssenKrupp bonds was also raised to “BBB-“. ThyssenKrupp has thus been returned to investment grade status by S&P. The ratings from Moody’s and Fitch have remained in the investment grade area since they were first issued. In February 2003, S&P downgraded ThyssenKrupp to non-investment grade status due to a change in the way it assesses pension obligations. ThyssenKrupp welcomes S&P’s rating action. By upgrading the Company to investment grade status, S&P has recognized its efforts in recent years to improve profitability and reduce debt. Please address questions to Dr. Jürgen Claassen (Corporate Communications, Strategy, and Executive Affairs, Phone +49 211 824-36001) and Gundolf Moritz (Investor Relations, Phone +49 211 824-36464). ThyssenKrupp AG, August-Thyssen-Strasse 1, 40211 Düsseldorf, Germany http://www.thyssenkrupp.com ThyssenKrupp AG August-Thyssen-Str. 1 40211 Düsseldorf Deutschland ISIN: DE0007500001 (DAX) WKN: 750000 Listed: Amtlicher Markt in Düsseldorf und Frankfurt (Prime Standard); London End of ad hoc announcement (c)DGAP 10.02.2005 101704 Feb 05