European Stability Mechanism (ESM) Credit Rating

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Date	Document Type	Title	Source
03 Mar 2023	Announcement of Periodic Review	Moody's announces completion of a periodic review for a group of Sovereign entities in Americas and Europe	Moody's Investors Service
13 Dec 2022	Credit Opinion	European Stability Mechanism – Aaa stable: Regular update	Moody's Investors Service
09 Dec 2022	Announcement	Moody's update on EU Sovereign calendar issuers	Moody's Investors Service
16 Sep 2022	Announcement of Periodic Review	Moody's announces completion of a periodic review for a group of Sovereign entities in Asia Pacific and Europe	Moody's Investors Service
19 Jul 2022	Credit Opinion	European Stability Mechanism – Aaa stable: Regular update	Moody's Investors Service
14 Jun 2022	Credit Opinion	European Stability Mechanism (ESM) – Aaa stable: Update following upgrade to Aaa; outlook stable	Moody's Investors Service
10 Jun 2022	Announcement	Moody's update on EU Sovereign calendar issuers	Moody's Investors Service
10 Jun 2022	Rating Action	Moody's upgrades the ratings of the European Stability Mechanism (ESM) and the European Financial Stability Facility (EFSF) to Aaa with stable outlooks	Moody's Investors Service
01 Apr 2022	Announcement of Periodic Review	Moody's announces completion of a periodic review for a group of Sovereign entities in Europe	Moody's Investors Service
17 Feb 2022	Credit Opinion	European Stability Mechanism (ESM) – Aa1 stable: Update following assignment of ESG scores	Moody's Investors Service
22 Oct 2021	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of European Stability Mechanism (ESM)	Moody's Investors Service
31 Aug 2021	Credit Opinion	European Stability Mechanism (ESM) – Aa1 stable: Regular update	Moody's Investors Service
27 Aug 2021	Announcement	Moody's update on EU Sovereign calendar issuers	Moody's Investors Service
07 May 2021	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of European Stability Mechanism (ESM)	Moody's Investors Service
04 Mar 2021	Research Announcement	Moody's - ESM’s credit profile reflects prudent capital and liquidity management as well as shareholder support	Moody's Investors Service
04 Mar 2021	Issuer In-Depth	European Stability Mechanism — Aa1 stable: Annual credit analysis	Moody's Investors Service
02 Mar 2021	Credit Opinion	European Stability Mechanism (ESM) – Aa1 stable: Regular update	Moody's Investors Service
26 Feb 2021	Announcement	Moody's update on EU Sovereign calendar issuers	Moody's Investors Service
04 Dec 2020	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of European Stability Mechanism (ESM)	Moody's Investors Service
01 Sep 2020	Credit Opinion	European Stability Mechanism (ESM) – Aa1 stable: Regular update	Moody's Investors Service
28 Aug 2020	Announcement	Moody's update on Sovereign calendar issuers	Moody's Investors Service
10 Jul 2020	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of European Stability Mechanism (ESM)	Moody's Investors Service
28 Apr 2020	Credit Opinion	European Stability Mechanism (ESM) – Aa1 stable: Update after creation of “Pandemic Crisis Support” credit line	Moody's Investors Service
24 Apr 2020	Issuer Comment	European Stability Mechanism (ESM): ESM's new credit line supports low funding costs for euro-area countries, a credit positive	Moody's Investors Service
11 Mar 2020	Issuer In-Depth	European Stability Mechanism - Aa1 stable : Annual credit analysis	Moody's Investors Service
28 Feb 2020	Credit Opinion	European Stability Mechanism (ESM) – Aa1 stable: Update following outlook change to stable from positive	Moody's Investors Service
28 Feb 2020	Announcement	Moody's update on Sovereign calendar issuers	Moody's Investors Service
28 Feb 2020	Rating Action	Moody's changes outlook to stable from positive on ratings of the European Stability Mechanism (ESM), affirms Aa1 ratings	Moody's Investors Service
07 Feb 2020	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of European Stability Mechanism (ESM)	Moody's Investors Service
22 Aug 2019	Announcement of Periodic Review	Moody's announces completion of a periodic review of issuers including European Stability Mechanism (ESM)	Moody's Investors Service
13 Aug 2019	Credit Opinion	European Stability Mechanism (ESM) – Aa1 positive: Regular update	Moody's Investors Service
09 Aug 2019	Announcement	Moody's update on Sovereign calendar issuers	Moody's Investors Service
29 May 2019	Rating Action	Moody's affirms NADB's Aa1 issuer rating and maintains stable outlook	Moody's Investors Service
04 Mar 2019	Announcement of Periodic Review	Moody's announces completion of a periodic review of issuers including European Stability Mechanism (ESM)	Moody's Investors Service
26 Feb 2019	Research Announcement	Moody's - Capital buffer, low leverage and preferred creditor status support the ESM's credit profile	Moody's Investors Service
25 Feb 2019	Issuer In-Depth	European Stability Mechanism – Aa1 positive : Annual credit analysis	Moody's Investors Service
19 Feb 2019	Credit Opinion	European Stability Mechanism (ESM) – Aa1 Positive: Regular update	Moody's Investors Service
15 Feb 2019	Announcement	Moody's update on Sovereign calendar issuers	Moody's Investors Service
07 Aug 2018	Credit Opinion	European Stability Mechanism (ESM) – Aa1 Positive: Regular update	Moody's Investors Service
03 Aug 2018	Announcement	Moody's update on Sovereign calendar issuers	Moody's Investors Service
07 May 2018	Credit Opinion	European Stability Mechanism (ESM) – Aa1 Positive: Update following change in outlook to positive and rating affirmation	Moody's Investors Service
07 May 2018	Rating Action	Moody's changed outlook to positive from stable on the Aa1 ratings of the European Stability Mechanism (ESM)	Moody's Investors Service
20 Feb 2018	Issuer In-Depth	European Stability Mechanism – Aa1 stable: Annual credit analysis	Moody's Investors Service
09 Feb 2018	Credit Opinion	European Stability Mechanism (ESM) – Aa1 Stable: Update following rating affirmation, outlook unchanged	Moody's Investors Service
09 Feb 2018	Announcement	Moody's update on Sovereign calendar issuers	Moody's Investors Service
09 Feb 2018	Rating Action	Moody's affirms the Aa1 ratings of the European Stability Mechanism (ESM); stable outlook	Moody's Investors Service
20 Oct 2017	Announcement	Moody's update on Sovereign calendar issuers	Moody's Investors Service
11 Jul 2017	Announcement	Moody's: ESM's key credit strengths are its very strong capital position and low leverage	Moody's Investors Service
11 Jul 2017	Issuer In-Depth	European Stability Mechanism – Aa1 Stable: Annual Credit Analysis	Moody's Investors Service
05 Jul 2017	Credit Opinion	European Stability Mechanism (ESM) - Aa1 Stable: Regular Update	Moody's Investors Service

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