Philips 2014 Annual Report Download - page 236

Investor Relations 17.3
236 Annual Report 2014
17.3 Philips’ rating
Philips’ existing long-term debt is rated A3 (with stable
outlook)
2)
by Moody’s and A- (with negative outlook)
1)
by
Standard & Poor’s. As part of the capital allocation policy, it
is Philips’ ambition to manage its financial ratios to be in line
with an A3/A- rating. There is no assurance that Philips will
be able to achieve this goal. Ratings are subject to change
at any time. The Company’s outstanding long-term debt and
credit facilities do not contain financial covenants or cross
acceleration provisions that are based on adverse changes
in ratings or on material adverse change
.
Philips Group
Credit rating summary
2014
long-term short-term outlook
Standard and Poor’s A- A-2 Negative1)
Moody’s A3 P-2 Stable2)
1) On October 2, 2014, Standard and Poor’s changed the outlook from
stable to negative
2) On February 6, 2014, Moody’s changed the outlook from negative to
stable
17.4 Performance in relation to market
indices
The common shares of the Company are listed on the stock
market of Euronext Amsterdam. The New York Registry
Shares of the Company, representing common shares of the
Company, are listed on the New York Stock Exchange. The
principal market for the common shares is Euronext
Amsterdam. For the New York Registry Shares it is the New
York Stock Exchange.
The following table shows the high and low closing sales
prices of the common shares on the stock market of
Euronext Amsterdam as reported in the Ocial Price List
and the high and low closing sales prices of the New York
Registry Shares on the New York Stock Exchange:
Philips Group
High and low closing sales price of common shares
2010 - 2015
Euronext Amsterdam (EUR) New York Stock Exchange (USD)
high low high low
2010 26.94 20.34 35.90 26.84
2011 1st quarter 25.34 21.73 33.81 29.81
2nd quarter 22.84 16.33 32.44 23.36
3rd quarter 17.84 12.23 25.74 16.87
4th quarter 16.28 12.77 22.54 17.22
2012 1st quarter 16.56 14.48 21.51 18.34
2nd quarter 15.57 13.76 20.26 17.32
3rd quarter 19.49 15.51 24.89 19.11
4th quarter 20.33 18.27 26.81 23.52
2013 1st quarter 23.67 20.26 31.72 26.60
2nd quarter 23.48 20.36 30.65 26.75
3rd quarter 25.32 20.89 33.60 27.28
4th quarter 26.78 23.17 36.97 31.36
2014 1st quarter 28.10 23.88 38.36 33.13
2nd quarter 25.86 22.22 35.95 30.35
3rd quarter 25.27 22.11 32.39 29.80
4th quarter 24.68 20.98 31.02 26.36
August, 2014 23.46 22.11 31.04 29.80
September, 2014 25.27 23.12 32.08 30.14
October, 2014 24.68 20.98 31.02 26.36
November, 2014 24.26 22.05 30.05 27.61
December, 2014 24.37 22.52 30.12 28.04
January, 2015 26.80 23.16 30.31 27.54