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      Rating

      The rating agencies Fitch, Moody's and Standard & Poor's have assigned thyssenkrupp the following issuer rating:

      Issuer
      rating of
      thyssenkrupp
      Long-term rating Short-term rating Outlook
      Fitch BB+ B watch negative
      Moody's Ba2 not Prime review for downgrade
      Standard & Poor's BB B developing

      Bond issuances require an additional issuance rating which provides an assessment of the respective bond. The issuance rating received by the rating agencies for the outstanding bonds issued by thyssenkrupp AG are as follows:

      Issuance
      rating of
      thyssenkrupp
      Long-term rating Short-term rating Outlook
      Fitch BB+ B watch negative
      Moody's Ba2 not Prime review for downgrade
      Standard & Poor's BB B developing
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