This is compiled by Cooper. As per the subject, the Credit Rating Historical Changed Report on 2026-10 are as follows:
| Fund |
Date |
Siegfried ID |
Siegfried Name |
Change |
Old → New |
Action |
| ▼ 2021 |
| SCP2/ SCP5/ SCP6-2/ SCP4-2/ SCP4-3 | 2021/12/11 | QCOM | Qualcomm Inc. | S&P LT | A → A- | Downgraded |
| SCP2/ SCP5/ SCP6-2/ SCP4 | 2021/12/20 | BAX | Baxter International Inc. | Moodys LT | Baa2 → Baa1 | Upgraded |
| SCP2/ SCP5/ SCP6-2/ SCP4 | 2021/12/20 | BAX | Baxter International Inc. | S&P LT | BBB → A- | Upgraded |
| ▼ 2022 |
| SCP2/ SCP5/ SCP6-2/ SCP4/ SCP4-2/ SCP4-3 | 2022/1/26 | TMO | Thermo Fisher Scientific Inc. | Moodys LT | A3 → Baa1 | Downgraded |
| SCP2/ SCP5/ SCP6-2/ SCP4 | 2022/3/4 | BAX | Baxter International Inc. | S&P LT | A- → BBB+ | Downgraded |
| SCP2/ SCP4-2/ SCP4-3/ SCP4 | 2022/6/30 | INTC | Intel Corp. | S&P LT | A+ → A | Downgraded |
| SCP2/ SCP5/ SCP6-2/ SCP4 | 2022/7/29 | BAX | Baxter International Inc. | Moodys LT | Baa1 → Baa2 | Downgraded |
| SCP2 | 2022/8/31 | WBA | Walgreens Boots Alliance Inc. | Moodys LT | Baa2 → Baa3 | Downgraded |
| SCF/ SCP2/ SCP6-2 | 2022/9/30 | MMM | 3M Co. | S&P LT | A+ → A | Downgraded |
| SCP2/ SCP5/ SCP6-2/ SCP4 | 2022/9/30 | BAX | Baxter International Inc. | S&P LT | BBB+ → BBB | Downgraded |
| SCP2/ SCP5/ SCP6-2/ SCP4 | 2022/10/31 | BAX | Baxter International Inc. | Moodys LT | Baa2 → Baa3 | Downgraded |
| SCP2/ SCP5/ SCP6-2/ SCP4 | 2022/10/31 | BAX | Baxter International Inc. | S&P LT | BBB → BBB- | Downgraded |
| SCP2/ SCP4-2/ SCP4-3/ SCP4 | 2022/12/15 | INTC | Intel Corp. | Moodys LT | A1 → A2 | Downgraded |
| ▼ 2023 |
| SCP2/ SCP4-2/ SCP4-3/ SCP4 | 2023/2/28 | INTC | Intel Corp. | S&P LT | A → A- | Downgraded |
| SCP2/ SCP5/ SCP6-2/ SCP4 | 2023/4/28 | BAX | Baxter International Inc. | S&P LT | BBB- → BB+ | Downgraded |
| SCF/ SCP2/ SCP6-2 | 2023/4/28 | MMM | 3M Co. | Moodys LT | A1 → A2 | Downgraded |
| SCP2 | 2023/5/31 | WBA | Walgreens Boots Alliance Inc. | S&P LT | BB+ → BB | Downgraded |
| SCF/ SCP2/ SCP6-2 | 2023/5/31 | MMM | 3M Co. | S&P LT | A → BBB+ | Downgraded |
| SCP2/ SCP5/ SCP6-2/ SCP4 | 2023/7/31 | BAX | Baxter International Inc. | Moodys LT | Baa3 → Ba1 | Downgraded |
| SCP2/ SCP5/ SCP6-2/ SCP4 | 2023/11/30 | BAX | Baxter International Inc. | S&P LT | BB+ → BB | Downgraded |
| SCP2/ SCP4-2/ SCP4-3/ SCP4 | 2023/12/21 | INTC | Intel Corp. | Moodys LT | A2 → A3 | Downgraded |
| SCP2/ SCP4-2/ SCP4-3/ SCP4 | 2023/12/21 | INTC | Intel Corp. | S&P LT | A- → BBB+ | Downgraded |
| ▼ 2024 |
| SCP2/ SCP5/ SCP6-2/ SCP4 | 2024/2/29 | BAX | Baxter International Inc. | Moodys LT | Ba1 → Ba2 | Downgraded |
| SCP2/ SCP4-2/ SCP4-3 | 2024/3/31 | NKE | Nike Inc. | S&P LT | AA- → A+ | Downgraded |
| SCP2/ SCP4-2/ SCP4-3/ SCP4 | 2024/3/31 | NKE | Nike Inc. | Moodys LT | A1 → A2 | Downgraded |
| SCP2/ SCP4-2/ SCP4-3/ SCP4 | 2024/6/30 | INTC | Intel Corp. | Moodys LT | A3 → Baa1 | Downgraded |
| SCP2/ SCP4-2/ SCP4-3/ SCP4 | 2024/6/30 | INTC | Intel Corp. | S&P LT | BBB+ → BBB | Downgraded |
| SCP2/ SCP4-2/ SCP4-3/ SCP4 | 2024/8/30 | INTC | Intel Corp. | S&P LT | BBB → BBB- | Downgraded |
| SCP2/ SCP5/ SCP6-2/ SCP4 | 2024/12/31 | BAX | Baxter International Inc. | S&P LT | BB → BB- | Downgraded |
| ▼ 2025 |
| SCP2/ SCP4-2/ SCP4-3/ SCP4 | 2025/7/16 | NKE | Nike Inc. | S&P LT | A+ → A+ | Watch Negative |
| SCP2/ SCP4-2/ SCP4-3/ SCP4 | 2025/11/13 | NKE | Nike Inc. | Moodys LT | A1 → A2 | Downgraded |
| ▼ 2026 |
| SCP2/ SCP5/ SCP6-2/ SCP4-2/ SCP4-3 | 2026/1/14 | EDF | Electricite de France S.A. | S&P LT | BBB → BBB+ | Upgraded |
| SCP2/ SCP5/ SCP6-2 | 2026/1/18 | CLX | Clorox Company | S&P LT | BBB+ → BBB | Keep Trading |
| SCP2/ SCP5/ SCP6-2 | 2026/3/12 | SONY | Sony Group Corp. | S&P LT | A → A+ | Upgraded |
| SCP2/ SCP5/ SCP6-2/ SCP4-2/ SCP4-3 | 2026/3/19 | HMC | Honda Motor Co. Ltd. | S&P LT | A- → BBB+ | Keep Trading |
| SCP2/ SCP5/ SCP6-2 | 2026/3/20 | ROST | Ross Stores, Inc. | S&P LT | BBB+ → A- | Upgraded |
| SCP2/ SCP5/ SCP6-2 | 2026/3/24 | ABT | Abbott Laboratories | S&P LT | AA- → A+ | Downgraded |
| SCP2/ SCP4-2/ SCP4-3/ SCP4 | 2026/4/9 | BFB | Brown-Forman Corporation | S&P LT | A- → A- | Acquired/Merged |
| SCF/ SCP2/ SCP6-2 | 2026/4/17 | ADI | Analog Devices, Inc. | S&P LT | A- → A | Upgraded |
| SCP2/ SCP5/ SCP6-2/ SCP4 | 2026/4/22 | SMIN | Smiths Group PLC | S&P LT | BBB+ → BBB | Downgraded |
| SCP2/ SCP5/ SCP6-2 | 2026/4/30 | LLY | Eli Lilly and Company | S&P LT | A+ → AA- | Upgraded |
| SCP2/ SCP5/ SCP6-2/ SCP4 | 2026/4/30 | APD | Air Products and Chemicals Inc. | Moodys LT | A2 → A3 | Downgraded |
| SCP2/ SCP5/ SCP6-2 | 2026/5/27 | NTT | Nippon Telegraph and Telephone Corporation | S&P LT | A- → BBB+ | Downgraded |
| SCP2/ SCP5/ SCP6-2/ SCP4 | 2026/6/12 | NVDA | NVIDIA Corp. | S&P LT Local | AA- → AA | Upgraded |
| SCP2/ SCP5/ SCP6-2/ SCP4 | 2026/7/22 | SDO | Sodexo S.A. | S&P LT | BBB+ → BBB | Keep Trading |
| SCP2/ SCP5/ SCP6-2/ SCP4 | 2026/8/20 | MJN | Mead Johnson Nutrition Company | S&P | A- → NR | Keep Trading |
| SCP2/ SCP5/ SCP6-2 | 2026/8/26 | EVK | Evonik Industries AG | Moody's LT | Baa2 → Baa1 | upgraded |
| SCP2/ SCP5/ SCP6-2/ SCP4-2/ SCP4-3 | 2026/9/2 | MJN | Mead Johnson Nutrition Company | Moodys LT | A3 → NR | Downgraded |
| SCP2/ SCP5/ SCP6-2/ SCP4-2/ SCP4-3 | 2026/9/4 | SN/ | Smith & Nephew PLC | Moody's LT | Baa2 → Baa1 | upgraded |
| SCP2/ SCP4-2/ SCP4-3 | 2026/9/13 | SAF | Safran SA | S&P LT | A- → A | upgraded |
| SCP5/ SCP6-2 | 2026/9/17 | CTVA | Corteva, Inc. | S&P LT | A- → BBB+ | Downgraded |
| （待確認） | 2026/9/30 | HRL | Hormel Foods Corp. | S&P LT | A- → BBB+ | Downgraded |
| SCP2/ SCP5/ SCP6-2 | 2026/10/5 | NKE | Nike Inc. | S&P LT | A+ → A | Downgraded |
| SCP2/ SCP5/ SCP6-2 | 2026/10/23 | EL | EssilorLuxottica SA | S&P LT | A → A+ | Upgraded |
| 企業 |
當前 S&P |
當前 Moody's |
趨勢 |
Siegfried 基金 |
備注 |
| Pernod Ricard SA |
BBB+ |
Baa1（NEG 展望） |
↓ 高度關注 |
SCP2/ SCP6-1 |
Moody's 次順位債 Baa3，Senior LT 降評風險高；10月已觸發 ESCALATE |
| Baxter International Inc. |
BB- |
Ba2 |
↓ 已投機級 |
SCP2/ SCP5/ SCP6-2/ SCP4 |
已多次降評至投機級；持倉是否已退出？請確認 |
| Walgreens Boots Alliance |
BB |
Baa3→降評中 |
↓ 持續惡化 |
SCP2 |
已跌至 BB，投機等級；請確認 SCP2 持倉是否已退出 |
| Intel Corp. |
BBB- |
Baa1 |
↓ 邊緣 |
SCP2/ SCP4/ SCP4-2/ SCP4-3 |
S&P BBB- 為投資等級底線（下一步為 BB+/投機），需密切監控 |
| Nike Inc. |
A（NEG） |
A2（NEG） |
↓ 持續 |
SCP2/ SCP5/ SCP6-2 |
10月 S&P 再降至 A+→A，Negative 展望；下一降評目標 A- |
| Hormel Foods Corp. |
BBB+ |
A3 |
↓ 邊緣 |
待確認 |
10月 S&P 降至 BBB+（門檻），Moody's A3；Stable 展望，但槓桿需追蹤 |
| Corteva, Inc. |
BBB+ |
— |
↓ 9月降評 |
SCP5/ SCP6-2 |
9月 S&P A-→BBB+；Spin-off 已生效（2026-10-01）；持倉 USD 34.9M |
| Honda Motor Co. |
BBB+ |
— |
↓ 3月降評 |
SCP2/ SCP5/ SCP6-2/ SCP4-2/ SCP4-3 |
S&P 降至 BBB+（門檻）；Keep Trading 標記 |
| EssilorLuxottica SA |
A+ |
— |
↑ 10月升評 |
SCP2/ SCP5/ SCP6-2 |
10月 S&P A→A+，升評好消息 |
| Eli Lilly and Company |
AA- |
— |
↑ 4月升評 |
SCP2/ SCP5/ SCP6-2 |
S&P 升至 AA-，評等強健 |