Investment Grade Rating

The Investment Grade rating, which is internationally recognised in the capital market, underscores TAG's strong operating performance and stable financing structure. At the same time, it increases TAG's future flexibility in matters of financing, and supports the Group's strategy of continuously optimising the financing structure.

S&P Standard & Poor’s Financial Services LLC. / Long-term Issuer Credit Rating

Rating Bulletin BBB-, Outlook Stable (July 2022)

Rating BBB-, Outlook Stable (March 2022)

S&P Standard & Poor’s Financial Services LLC. / Short-term Issuer Credit Rating

Rating A-3

Moody's Investors Service, Inc. / Long-term Issuer Rating

Rating Baa3, Possible Downgrade, Outlook Under Review (July 2022)

Moody's Investors Service, Inc. / Short-term Issuer Rating

Rating Prime-3 (P-3)