Scope converts German Merck’s ratings into unsolicited subscription ratings available on ScopeOne

Merck KGaA Merck Financial Services GmbH EMD Finance LLC

MRCG 2.625 12/12/74 '21 FRN MRCG 3.375 12/12/74 '24 FRN MRCG 3.250 03/19/25 '24 Merck KGaA 30M EUR Debt Issuance program MRCG 1.625 06/25/79 '24 FRN MRCG 2.875 06/25/79 '29 FRN MRCG 0.375 07/05/27 MRCG 0.875 07/05/31 MRCG 0.500 07/16/28 '28 MRCG 0.125 07/16/25 '25 MRCG 1.625 09/09/80 FRN MRCG 1.875 06/15/26 MRCG 2.375 06/15/30

FRIDAY, 29/12/2023 - Scope Ratings GmbH

Scope converts German Merck’s ratings into unsolicited subscription ratings available on ScopeOne

Following Merck’s request for a withdrawal of Scope’s public ratings on the German conglomerate, the rating agency has converted all ratings into unsolicited subscription ratings.

The latest information on the rating, including rating reports and related methodologies, is available on this LINK.

Converted ratings relate to Merck KGaA (issuer rating, long-term and short-term debt ratings); Merck Financial Services GmbH (issuer rating, long-term debt rating), EMD Finance LLC (issuer rating, long-term debt rating).

All of the following ratings are converted into unsolicited subscription ratings:

Issuer ratings and Outlook: A/Stable
Short-term debt rating: S-1
Long-term senior unsecured debt ratings: A
Long-term contractually subordinated (hybrid) debt ratings: BBB+

Merck KGaA Merck Financial Services GmbH EMD Finance LLC

MRCG 2.625 12/12/74 '21 FRN MRCG 3.375 12/12/74 '24 FRN MRCG 3.250 03/19/25 '24 Merck KGaA 30M EUR Debt Issuance program MRCG 1.625 06/25/79 '24 FRN MRCG 2.875 06/25/79 '29 FRN MRCG 0.375 07/05/27 MRCG 0.875 07/05/31 MRCG 0.500 07/16/28 '28 MRCG 0.125 07/16/25 '25 MRCG 1.625 09/09/80 FRN MRCG 1.875 06/15/26 MRCG 2.375 06/15/30

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