Announcements
Drinks
Instrument data
Issuer
Senority
Senior Unsecured
Currency
EUR
ISIN
XS2415386726
Coupon percent
0.63%
Coupon type
Fixed
Instrument volume
600,000,000
Maturity date
01/12/2029
-
BBB
Outlook:
None
BBB
Outlook:
None
Latest change
Downgrade
19/02/2024
General information
Rating
Public
Solicited
With issuer participation
UK endorsed
EU Rated
Ivan Castro Campos
Lead analyst
Philipp Wass
Committee chair
![Scope has today affirmed the BBB+ issuer rating of LANXESS AG and revised the Outlook to Negative](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_e005e1885076bd3737cacfe9297da2b2da12a21a4ade0695422889d8f61d4a4b.jpg)
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.
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