IFCO Systems N.V. Credit Rating

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Date	Document Type	Title	Source
28 Apr 2011	Credit Opinion	IFCO Systems N.V.	Moody's Investors Service
18 Apr 2011	Rating Action	Moody's upgrades IFCO to Ba1; stable outlook	Moody's Investors Service
15 Nov 2010	Announcement	Moody's places IFCO Systems N.V.'s ratings on review for upgrade (CFR: Ba3)	Moody's Investors Service
03 Dec 2009	LGD Assessment	IFCO Systems N.V.	Moody's Investors Service
03 Jun 2009	Rating Action	Moody's assigns (P)Ba3 rating to IFCO's guaranteed notes, and stabilizes outlook	Moody's Investors Service
16 Oct 2008	LGD Assessment	IFCO Systems N.V.	Moody's Investors Service
29 Mar 2007	Rating Action	Moody's implements loss given default methodology in EMEA	Moody's Investors Service
27 Mar 2007	LGD Assessment	IFCO Systems N.V.	Moody's Investors Service
28 Sep 2006	Rating Action	Moody's changes IFCO's outlook to negative following Q3 profit warning	Moody's Investors Service
02 Mar 2006	Leveraged Credit Analysis	IFCO Systems N.V.	Moody's Investors Service
27 Feb 2006	Rating Action	MOODY'S UPGRADES IFCO SYSTEMS NV'S CORPORATE FAMILY RATING TO Ba3 AND SENIOR SECURED NOTES TO B1; POSITIVE OUTLOOK	Moody's Investors Service
16 Aug 2005	Rating Action	MOODY'S WITHDRAWS ISSUER RATINGS FOR SPECULATIVE-GRADE CORPORATE ENTITIES IN THE EMEA REGION; DEBT AND CORPORATE FAMILY RATINGS ARE UNAFFECTED; NO CHANGES TO INVESTMENT-GRADE ISSUER RATINGS	Moody's Investors Service
29 Sep 2004	Rating Action	MOODY'S CHANGES IFCO SYSTEMS N.V.'S OUTLOOK TO POSITIVE	Moody's Investors Service
08 Oct 2003	Analysis	IFCO Systems N.V.	Moody's Investors Service
26 Sep 2003	Rating Action	MOODY'S ASSIGNS A (P)B2 RATING TO IFCO SYSTEMS N.V.'S PROPOSED GUARANTEED SENIOR SECURED NOTES ISSUE; SENIOR IMPLIED RATING AT (P)B1; OUTLOOK STABLE.	Moody's Investors Service
31 Jan 2003	Rating Action	MOODY'S WITHDRAWS ALL RATINGS ASSIGNED TO IFCO SYSTEMS N.V.	Moody's Investors Service
28 Feb 2002	Rating Action	MOODY'S LOWERS IFCO SYSTEMS N.V.'S SENIOR SUBORDINATED NOTES TO Ca; SENIOR IMPLIED RATING AT Caa2; SENIOR SECURED CREDIT FACILITIES AFFIRMED AT Caa1; OUTLOOK NEGATIVE	Moody's Investors Service
11 Feb 2002	Rating Action	MOODY'S LOWERS IFCO SYSTEMS N.V.'S SENIOR SUBORDINATED NOTES TO Caa3; SENIOR IMPLIED AND SENIOR SECURED RATINGS AT Caa1; OUTLOOK NEGATIVE	Moody's Investors Service
03 Dec 2001	Rating Action	MOODY'S LOWERS IFCO SYSTEMS N.V.'S SENIOR SUBORDINATED NOTES TO Caa1; SENIOR IMPLIED RATING AND SENIOR SECURED CREDIT FACILITIES AT B2; NEGATIVE OUTLOOK	Moody's Investors Service
26 Mar 2001	Rating Action	MOODY'S LOWERS IFCO'S SUB NOTES TO B3 AND LOWERS OTHER RATINGS	Moody's Investors Service
04 Dec 2000	Rating Action	MOODY'S PLACES IFCO SYSTEMS' RATINGS ON REVIEW FOR POSSIBLE DOWNGRADE	Moody's Investors Service
18 Feb 2000	Rating Action	MOODY'S ASSIGNS Ba2 TO PALEX, INC.'S PROPOSED $300MM SENIOR SECURED CREDIT FACILITY AND B2 TO IFCO SYSTEMS' EURO 180MM SENIOR SUBORDINATE NOTES	Moody's Investors Service

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