We believe EADS has addressed major operational project risks and will benefit from a strong order book over the coming years. We now view its business risk profile as "strong", reflecting our view that it will experience lower project risks in the coming years and that it has a strong market position. The outlook is stable because we expect EADS to be able to post improving operating results and to maintain its very conservative financial policy and "exceptional" liquidity. On Sept. 22, 2010, Standard&Poor's Ratings Services raised its long-term corporate credit rating on the Netherlands-based European Aeronautic Defence and Space Co. N.V. (EADS) to 'A-' from 'BBB+' and affirmed the 'A-2' short-term rating. The outlook is stable. The
