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      Instrument data
      Issuer
      LANXESS AG
      Senority
      Unsecured
      Currency
      EUR
      ISIN
      XS0629645531
      Coupon percent
      4.125%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      500,000,000
      Maturity date
      23/05/2018
      -
      WD Outlook: N/A
      WD Outlook: N/A
      Latest change
      Withdrawal
      23/05/2018
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Withdrawal reason: end of maturity of the debt obligation, or in case the debt is redeemed, called, prefunded, cancelled
      Ivan Castro Campos Lead analyst
      Werner Stäblein Committee chair
      Scope assigns BBB rating to LANXESS, German specialty chemicals corporate; Outlooks Stable

      30/1/2018 Rating announcement EN

      Scope assigns BBB rating to LANXESS, German specialty chemicals corporate; Outlooks Stable

      A protected industry position, strong niche market positions, and conservative financial policy are credit-positive; weaker profitability and free cash flow than sector levels, and medium industry cyclicality of specialty chemicals industry are limits.

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