Contact Facts & Figures Deutsch Company Divisions Alliances Corporate Responsibility News & Media Investor Relations Career Credit Rating Investor Relations Financial Strategy Credit Rating A credit rating is an assessment of the creditworthiness of an issuer, called the Issuer Rating, or of a financial instrument such as bonds, known as the Instrument Rating. Since 2002 Bertelsmann has an Issuer Rating from the rating agencies Moody's and Standard & Poor's. Bertelsmann's current ratings are as follows: Rating agency Long-term Short-term Outlook Report dated Analyst Recent Reports Moody's Baa2 P-2 stable December 2020 Agustin Alberti +34 91 7688 309 Download Standard & Poor's BBB A-2 stable August 2021 Patrick Janssen +49 69 33 999 175 Download Recommend this page Print Recommend this page Capital Market Orientation Financial Targets FAQ Download S&P statement Nov. 13, 2015 (PDF, 256 KB) S&P statement Oct. 27, 2015 (PDF, 290 KB) Websites of rating agencies Moody's Standard & Poor's Services Website Credits Privacy Statement Privacy Settings Sitemap Contact Compliance Contact Bertelsmann SE & Co. KGaA Carl-Bertelsmann-Straße 270 33311 Gütersloh Phone: +49 (0) 5241-80-0 Fax: +49 (0) 5241-80-62321 info@bertelsmann.de More Bertelsmann Bertelsmann Newsletter Bertelsmann Chronicle Career - Create Your Own Career Bertelsmann Network © 2021 Bertelsmann SE & Co. KGaA

Contact Facts & Figures Deutsch Company Divisions Alliances Corporate Responsibility News & Media Investor Relations Career Corporate Governance Investor Relations Bertelsmann at a Glance Corporate Governance Corporate Governance at Bertelsmann The pursuit of responsible corporate governance is part of the Bertelsmann identity, and an important element of its corporate culture. Bertelsmann SE & Co. KGaA is a capital-market-oriented but unlisted company, and as such is not required to issue a declaration pursuant to section 161 of the German Stock Corporation Act stating that it complies with the recommendations of the German Corporate Governance Code. Nevertheless, the recommendations and suggestions contained in the German Corporate Governance Code, as amended on December 16, 2019, that entered into force on March 20, 2020, serve as guidelines for Bertelsmann SE & Co. KGaA. Deviations from the provisions of the German Corporate Governance Code relate primarily to Bertelsmann’s shareholder structure, in particular to those recommendations and suggestions in the Code that apply mainly to publicly held enterprises with a larger number of shareholders. Recommend this page Principles