LONZA SWISS FIN. 11-15

S&P	Moody's	Fitch	Creditreform	Euler Hermes	Definition
Investment grade
AAA	Aaa	AAA	AAA	AAA	Highest degree of creditworthiness with lowest expectation of credit risk
AA+	Aa1	AA+	AA+	AA+	High degree of creditworthiness with very high high probability to meet financial commitments
AA	Aa2	AA	AA	AA
AA-	Aa3	AA-	AA-	AA-
A+	A1	A+	A+	A+	High credit quality with low expectation of credit risk. But more susceptible to adverse effects if there are changes in circumstances and economic conditions
A	A2	A	A	A
A-	A3	A-	A-	A-
BBB+	Baa1	BBB+	BBB+	BBB+	Moderate credit risk. But adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity to meet financial commitments.
BBB	Baa2	BBB	BBB	BBB
BBB-	Baa3	BBB-	BBB-	BBB-
Speculative grade
BB+	Ba1	BB+	BB+	BB+	Capacity to meet financial commitments only in stable economic conditions and circumstances. Contains speculative elements.
BB	Ba2	BB	BB	BB
BB-	Ba3	BB-	BB-	BB-
B+	B1	B+	B+	B+	Low level of capacity to meet financial commitments. No long term investment.
B	B2	B	B	B
B-	B3	B-	B-	B-
CCC+	Caa1	CCC+	CCC	CCC	Substantial risks, Extremely speculative, In default with little prospect for recovery
CCC	Caa2	CCC	CC	CC
CCC-	Caa3	CCC-	C	C
D/SD		DDD		D/SD	In default
		DD
		D

Key Figures

Cupon	2.250
Annual Pay Date	7. December
Interest Payment Count	Annually
Interest Period from to	-
Start Interest Payment	07/12/2011
Accumulated Interest	Yes
Interest and dividend payments	-

Name	LONZA SWISS FIN. 11-15
ISIN	CH0143218417
WKN	A1GXJ3
Symbol	-
Type
Market Segment	Open Market
Denomination Frankfurt	5,000
Denomination Xetra	5,000
Issuer	Lonza Swiss Finanz AG
Issue Date	07/12/2011
Issue Volume	240.00 m.
Issue Currency	CHF
First Quotation Date	07/12/2011
Valutation Date	equal to Start Interest Payment
Maturity Date	07/12/2015
Termination by Debitor	-
Extra Termination	-
Bond Denomination Currency	CHF
Settlement Currency	CHF
Subordinated	No