Frankfurt am Main, October 09, 2015 -- Moody's Investors Service (Moody's) has today upgraded Schaeffler AG's (Schaeffler) corporate family rating (CFR) to Ba2 from Ba3 and probability of default rating (PDR) to Ba2-PD from Ba3-PD. Concurrently, Moody's confirmed Schaeffler's and Schaeffler Finance B.V.'s senior secured debt ratings of Ba2 and senior unsecured debt ratings of B1 and upgraded the junior (secured PIK notes) debt ratings of Schaeffler Holding Finance B.V. to Ba3 from B1. The outlook on ratings is now stable. The rating action concludes the review process initiated on September 21, 2015.

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