Merck Financial Services GmbH Credit Rating

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Issuer Ratings.

Ratings on over 170,000 corporate, government and structured finance securities.

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Date	Document Type	Title	Source
13 Jul 2018	Rating Action	Moody's affirms Merck KGaA's Baa1 ratings	Moody's Investors Service
30 Aug 2016	Rating Action	Moody's changes outlook on Merck KGaA's ratings to stable from negative; affirms ratings	Moody's Investors Service
12 Dec 2014	Rating Action	Moody's downgrades Merck KGaA's ratings to Baa1; negative outlook	Moody's Investors Service
01 Dec 2014	Rating Action	Moody's assigns (P)Baa3 to Merck KGaA's new hybrid notes	Moody's Investors Service
23 Sep 2014	Rating Action	Moody's places A3 ratings of Merck KGaA on review for downgrade	Moody's Investors Service
04 Jul 2013	Rating Action	Moody's upgrades Merck KGaA to A3; stable outlook	Moody's Investors Service
19 Dec 2012	Rating Action	Moody's upgrades Merck KGaA to Baa1; stable outlook	Moody's Investors Service
26 Jun 2012	Announcement	Moody's changes outlook on Merck KGaA's Baa2 ratings to positive	Moody's Investors Service
20 Mar 2012	Announcement	Moody's Disclosures on Credit Ratings of Merck KGaA	Moody's Investors Service
16 Jul 2010	Rating Action	Moody's downgrades Merck KGaA's ratings to Baa2 following the closing of the Millipore acquisition, outlook stable	Moody's Investors Service
29 Mar 2010	Rating Action	Moody's confirms Merck KGaA's P-2 short-term rating, long-term ratings likely to be downgraded to Baa2 upon closing of Millipore transaction	Moody's Investors Service
02 Mar 2010	Rating Action	Moody's places the ratings of Merck KGaA on review for possible downgrade, ratings of Millipore Corporation on review for possible upgrade	Moody's Investors Service

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