Announcements
Drinks
27/6/2023 Rating announcement EN
Scope has today affirmed the BBB+ issuer rating of LANXESS AG and revised the Outlook to Negative
The Outlook change is driven by LANXESS reducing its forecasted FY 2023 EBITDA to EUR 600m-650m from previous estimate of EUR 900m due to slower-than-expected demand recovery.
23/7/2019 Rating announcement EN
Scope affirms BBB+ issuer rating to German-based LANXESS AG, Outlook Stable
The rating still reflects the company’s strong position in medium-sized markets with considerable barriers to entry, together with its conservative financial policy, balancing share-and debt-holder interests.
15/8/2018 Rating announcement EN
Scope upgrades rating of German specialty chemicals corporate LANXESS to BBB+; Outlook Stable
LANXESS has agreed to sell its stake in ARLANXEO to Saudi Aramco. The result is a significantly stronger financial risk profile due to lower leverage, supported by a conservative financial policy, favouring shareholder and debtholders.
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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