Standard Ethics

Security Rating

The Security Standard Ethics Rating is a non-financial rating assigned to a General-Purpose emission (bond or other financial debt instruments). Nevertheless, the analysis takes into account the issuer, its nature and its industrial plans, as well as its development and sustainability strategies.
In Standard Ethics' opinion, an "EE-" rating (or above) qualifies the security issue as suitable for an ESG/SRI portfolio. For further reference to the methodology, please refer to Security Standard Ethics Rating Methodology.

The applicant, according to the Standard Ethics’ methodology, can combine a credit rating with a non-financial Security Standard Ethics Rating.

In the past, Standard Ethics has issued a series of Green Bond Ratings (PDF).

Action Date Description ISIN Industry Rating To Outlook Rating From Outlook
18 Mar 2024 Eco Sisma Bonus Securitisation Programme Financial Services EEE- Stable EEE- Stable
22 Nov 2023 Snam Euro-Commercial Paper Programme for the Issuance of Notes and ESG Notes IT0003153415 Utilities EE+ Stable
14 Sep 2023 Mastercard In Control for Commercial Payments US57636Q1040 Specialty Finance EE Stable
14 Feb 2023 Eco Sisma Bonus Securitisation Programme Financial Services EEE- Stable EEE- Stable
22 Dec 2022 Snam Euro-Commercial Paper Programme for the issuance of Notes and ESG Notes IT0003153415 Utilities EE+ Stable EE Stable
12 Apr 2022 Security Segregation Impact Notice – Provision 2: Downgrading for nations trading embargoed products with the Russian Federation Others
07 Mar 2022 Security Segregation Impact Notice – Provision 1: Russian citizens calculated as non-independent Board members Others
01 Mar 2022 Eco Sisma Bonus Securitisation Programme Financial Services EEE- Stable
29 Nov 2021 Snam Euro-Commercial Paper Programme for the issuance of Notes and ESG Notes IT0003153415 Utilities EE Stable EE Stable
28 Oct 2021 European Union 2026/2058 Others EEE Stable
29 Sep 2021 Slovenia 0.125% 30/06/2031 SI0002104196 Others EE Stable
25 Mar 2021 Zuger Kantonalbank ZUGKAN 0.1 10/14/31 0 CH0570347341 Banking E+ Stable
04 Mar 2021 Wells Fargo & Company WFC 0.5 11/02/23 EMTN CH0299477353 Banking EE- Stable
18 Feb 2021 Sulzer SUNSW 0.875 11/18/27 CH0576402165 Machinery EE Stable
04 Feb 2021 Eli Lilly and Co LLY 0.15 05/24/24 EMTN CH0323735594 Biotech & Pharma EE- Stable
28 Jan 2021 Citigroup C 0.5 11/22/24 EMTN CH0365501474 Banking EE Stable
28 Jan 2021 Citigroup C 0.75 04/02/26 EMTN CH0467182405 Banking EE Stable
25 Nov 2020 Snam Euro-Commercial Paper Programme for the issuance of Notes and ESG Notes IT0003153415 Utilities EE Stable
19 Nov 2020 BA 5.705 05/01/40 US097023CV59 Aerospace & Defence E Stable Suspended
19 Nov 2020 BA 5.93 05/01/60 US097023CX16 Aerospace & Defence E Stable Suspended
19 Nov 2020 BA 5.15 05/01/30 US097023CY98 Aerospace & Defence E Stable Suspended
19 Nov 2020 BA 5.805 05/01/50 US097023CW33 Aerospace & Defence E Stable Suspended
07 Oct 2020 VOD 5 1/4 05/30/48 US92857WBM10 Telecommunications EEE Stable
07 Oct 2020 MSFT 2.525 06/01/50 US594918CC64 Software & Tech Services EEE- Stable
07 Oct 2020 MSFT 3.7 08/08/46 US594918BT09 Software & Tech Services EEE- Stable
07 Oct 2020 MSFT 2.675 06/01/60 US594918CD48 Software & Tech Services EEE- Stable
07 Oct 2020 MSFT 4.1 02/06/37 US594918BZ68 Software & Tech Services EEE- Stable
07 Oct 2020 MSFT 3.45 08/08/36 US594918BS26 Software & Tech Services EEE- Stable
07 Oct 2020 MSFT 3.95 08/08/56 US594918BU71 Software & Tech Services EEE- Stable
07 Oct 2020 INTC 4 3/4 03/25/50 US458140BM12 Tech Hardware & Semiconductors EE+ Stable
07 Oct 2020 IBM 4 1/4 05/15/49 US459200KC42 Software & Tech Services EE+ Stable
07 Oct 2020 DIS 3.6 01/13/51 US254687FZ49 Media EE+ Stable
07 Oct 2020 DIS 2.65 01/13/31 US254687FX90 Media EE+ Stable
07 Oct 2020 AAPL 4.65 02/23/46 US037833BX70 Tech Hardware & Semiconductors EE Stable
07 Oct 2020 AAPL 2.65 05/11/50 US037833DW79 Tech Hardware & Semiconductors EE Stable
07 Oct 2020 AAPL 3.85 05/04/43 US037833AL42 Tech Hardware & Semiconductors EE Stable
07 Oct 2020 HSBC 4.95 03/31/30 US404280CF48 Banking EE Stable
07 Oct 2020 ISPIM Float 02/20/35 IT0005408015 Banking EE Stable
07 Oct 2020 ISPIM Float 08/20/35 IT0005408023 Banking EE Stable
07 Oct 2020 ISPIM Float 04/12/30 IT0005323289 Banking EE Stable
07 Oct 2020 TACHEM 2.05 03/31/30 US874060AX48 Health Care EE Stable
07 Oct 2020 VZ 4.672 03/15/55 US92343VCZ58 Telecommunications EE Stable
07 Oct 2020 VZ 4.522 09/15/48 US92343VCX01 Telecommunications EE Stable
07 Oct 2020 VZ 4.862 08/21/46 US92343VCK89 Telecommunications EE Stable
07 Oct 2020 VZ 5.012 04/15/49 US92343VDS07 Telecommunications EE Stable
07 Oct 2020 VZ 5 1/4 03/16/37 US92343VDU52 Telecommunications EE Stable
07 Oct 2020 VZ 4.272 01/15/36 US92343VCV45 Telecommunications EE Stable
07 Oct 2020 VZ 4 1/2 08/10/33 US92343VEA89 Telecommunications EE Stable
07 Oct 2020 VZ 3.6 02/24/60 XS2116430997 Telecommunications EE Stable
07 Oct 2020 V 4.3 12/14/45 US92826CAF95 Software & Tech Services EE Stable
07 Oct 2020 ABNANV 1 04/13/31 XS1394791492 Banking EE- Stable
07 Oct 2020 ABNANV 1 3/8 01/12/37 XS1548493946 Banking EE- Stable
07 Oct 2020 ABNANV 0 1/2 12/12/39 XS2093634884 Banking EE- Stable
07 Oct 2020 ABNANV 0 1/4 12/12/32 XS2093637556 Banking EE- Stable
07 Oct 2020 ABNANV 0 3/8 01/14/35 XS2101336316 Banking EE- Stable
07 Oct 2020 ABNANV 0.45 12/12/36 XS2093705064 Banking EE- Stable
07 Oct 2020 ABNANV 1 1/4 01/10/33 XS1747670922 Banking EE- Stable
07 Oct 2020 ABNANV 1 1/8 01/12/32 XS1548458014 Banking EE- Stable
07 Oct 2020 ABNANV 1.1 08/29/30 XS1874729624 Banking EE- Stable
07 Oct 2020 ABNANV 1.34 08/29/33 XS1874729897 Banking EE- Stable
07 Oct 2020 ABNANV 1.42 08/29/35 XS1874729970 Banking EE- Stable
07 Oct 2020 ABNANV 1.6 11/22/38 XS1915504713 Banking EE- Stable
07 Oct 2020 BKIASM 4 1/8 03/24/36 ES0414950644 Banking EE- Stable
07 Oct 2020 BKTSM Float 04/07/30 ES0413679475 Banking EE- Stable
07 Oct 2020 GS 6 3/4 10/01/37 US38141GFD16 Banking E+ Positive
07 Oct 2020 GS 3.8 03/15/30 US38141GXH28 Banking E+ Positive
07 Oct 2020 NSANY 4.81 09/17/30 US654744AD34 Automotive E+ Positive
07 Oct 2020 NSANY 4.81 09/17/30 USJ57160DZ32 Automotive E+ Positive
07 Oct 2020 WMT 4.05 06/29/48 US931142EC31 Retail & Wholesale - Staples E+ Positive
07 Oct 2020 WMT 5 1/4 09/01/35 US931142CB75 Retail & Wholesale - Staples E+ Positive
07 Oct 2020 HD 5 7/8 12/16/36 US437076AS19 Retail & Wholesale - Discretionary E+ Stable
07 Oct 2020 ORAFP 8 1/2 03/01/31 US35177PAL13 Telecommunications E+ Stable
07 Oct 2020 ABIBB 2 3/4 03/17/36 BE6285457519 Consumer Staple Products E Stable
07 Oct 2020 XOM 4.327 03/19/50 US30231GBG64 Renewable Energy E- Stable
07 Oct 2020 XOM 3.452 04/15/51 US30231GBM33 Renewable Energy E- Stable
07 Oct 2020 XOM 4.114 03/01/46 US30231GAW24 Renewable Energy E- Stable
07 Oct 2020 TENCNT 2.39 06/03/30 US88032XAU81 Media E- Stable
07 Oct 2020 TENCNT 2.39 06/03/30 US88032WAU09 Media E- Stable
07 Oct 2020 BA 5.805 05/01/50 US097023CW33 Aerospace & Defence Suspended
07 Oct 2020 BA 5.15 05/01/30 US097023CY98 Aerospace & Defence Suspended
07 Oct 2020 BA 5.93 05/01/60 US097023CX16 Aerospace & Defence Suspended
07 Oct 2020 BA 5.705 05/01/40 US097023CV59 Aerospace & Defence Suspended