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Piaggio has been officially rated by the two major credit rating agencies Standard and Poor’s and Moody’s Investor Service, in the category sub-investment grade. | Standard & Poor's | | | Corporate | | BB | | 10% Notes due 2012 | | BB | | Outlook | | Stable | | Date of rating | | June 2007 |
| Moody's | | | Corporate | | Ba2 | | 10% Notes due 2012 | | Ba2 | | Outlook | | Stable | | Date of rating | | July 2007 |
WARNING
The rating does not constitute a recommendation to buy, sell or hold any type of financial instrument which emanates from the Piaggio Group. Because the above ratings may be subject to modification, substitution, suspension or withdrawal, visitors to the site are advised to check the long and short-term ratings and the current outlook.
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