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Rating

Hera restructured its debts by issuing a fixed rate ten-year Euro 500 million eurobond (4.125%) in 2006, a Euro 100 million put-bond and a Euro 200 million extendable put-bond in 2007.

The financial robustness and profitability of the Group guaranteed an excellent rating both by Moody's (A1), and Standard&Poor (A for long term debt and A-1 for short term debt).

The sustainable profile of the Hera Group received a positive ethical rating by Axia for the third year running (A+++).