Standard Ethics Rating

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Action Date	Description	ISIN	Industry	Rating To	Outlook	Rating From	Outlook
11 Jun 2026	Airbus	NL0000235190	Aerospace & Defense	EE-	Stable	EE-	Under Monitoring
10 Dec 2025	Thales	FR0000121329	Aerospace & Defense	E+	Stable	E	Stable
09 Jul 2025	BAE Systems	GB0002634946	Aerospace & Defense	EE	Stable	EE	Stable
14 May 2025	Rolls-Royce Holdings	GB00B63H8491	Aerospace & Defense	EE	Stable	EE	Stable
07 Feb 2024	Leonardo	IT0003856405	Aerospace & Defense	EE	Stable	EE	Stable
14 Oct 2021	MTU Aero Engines	DE000A0D9PT0	Aerospace & Defense	EE+	Stable
22 Apr 2021	Safran	FR0000073272	Aerospace & Defense	E+	Stable	E+	Stable
20 Jan 2021	Airbus	NL0000235190	Aerospace & Defense	EE-	Under Monitoring	EE-	Stable
19 Nov 2020	BA 5.705 05/01/40	US097023CV59	Aerospace & Defense	E	Stable	Suspended
19 Nov 2020	BA 5.93 05/01/60	US097023CX16	Aerospace & Defense	E	Stable	Suspended
19 Nov 2020	BA 5.15 05/01/30	US097023CY98	Aerospace & Defense	E	Stable	Suspended
19 Nov 2020	BA 5.805 05/01/50	US097023CW33	Aerospace & Defense	E	Stable	Suspended
11 Nov 2020	Boeing Company	US0970231058	Aerospace & Defense	E	Stable	Suspended
07 Oct 2020	BA 5.805 05/01/50	US097023CW33	Aerospace & Defense	Suspended
07 Oct 2020	BA 5.15 05/01/30	US097023CY98	Aerospace & Defense	Suspended
07 Oct 2020	BA 5.93 05/01/60	US097023CX16	Aerospace & Defense	Suspended
07 Oct 2020	BA 5.705 05/01/40	US097023CV59	Aerospace & Defense	Suspended
01 Oct 2020	Thales	FR0000121329	Aerospace & Defense	E	Stable
30 Oct 2019	Leonardo (formerly Finmeccanica)	IT0003856405	Aerospace & Defense	EE	Stable	EE-	Positive
13 Mar 2019	Boeing Company	US0970231058	Aerospace & Defense	Suspended		E+	Stable
30 May 2018	Boeing Company	US0970231058	Aerospace & Defense	E+	Stable
21 Mar 2018	Airbus	NL0000235190	Aerospace & Defense	EE-	Stable	EE-	Stable
09 Mar 2018	United Technologies	US9130171096	Aerospace & Defense	E	Stable
17 Oct 2016	Rolls-Royce Holdings	GB00B63H8491	Aerospace & Defense	EE	Stable
17 Oct 2016	BAE Systems	GB0002634946	Aerospace & Defense	EE	Stable
26 Jun 2015	Safran	FR0000073272	Aerospace & Defense	E+	Stable
26 Jun 2015	Airbus Group	NL0000235190	Aerospace & Defense	EE-	Stable
18 Dec 2013	Finmeccanica	IT0003856405	Aerospace & Defense	EE-	Positive	PENDING
19 Mar 2013	Finmeccanica	IT0003856405	Aerospace & Defense	PENDING

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Rating Actions

This page contains all rating actions that have resulted in changes to the current Standard Ethics Ratings (SER). These changes are accompanied by a technical note which already forms part of the official press release, which can be downloaded directly. The note includes details of the rating action carried out, the type of rating assigned, the aggregate Standard Ethics Rating (SER) assessment (with E, S and G values provided in a footnote) and an explanation of the rating methodology. Please note that this table does not contain all ratings issued by Standard Ethics. The Agency only publishes the ratings of those companies belonging to Standard Ethics Clusters (formerly known as Indexes or Benchmarks). All companies are constantly monitored by the Agency's analysts.