Announcements

    Drinks

      Instrument data
      Issuer
      Senority
      Senior Unsecured
      Currency
      EUR
      ISIN
      XS2459163619
      Coupon percent
      1.75%
      Coupon type
      Fixed
      Instrument volume
      600,000,000
      Maturity date
      22/03/2028
      -
      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 downgraded the issuer rating of LANXESS AG to BBB with Negative Outlook

      19/2/2024 Rating announcement EN

      Scope has downgraded the issuer rating of LANXESS AG to BBB with Negative Outlook

      The downgrade is due to the ongoing destocking in the chemicals sector, which has led to a significantly weaker Scope-adjusted EBITDA in 2023 compared to LANXESS' guidance.

      Scope has today affirmed the BBB+ issuer rating of LANXESS AG and revised the Outlook to Negative

      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.

      Scope affirms BBB+/Stable issuer rating on LANXESS AG

      27/6/2022 Rating announcement EN

      Scope affirms BBB+/Stable issuer rating on LANXESS AG

      The rating continues to reflect the company’s strong position in medium-sized chemicals markets with considerable barriers to entry and a conservative financial policy.

      Scope affirms BBB+/Stable issuer rating of German LANXESS AG

      4/8/2021 Rating announcement EN

      Scope affirms BBB+/Stable issuer rating of German LANXESS AG

      The rating still reflects the company’s strong position in medium-sized markets with considerable barriers to entry, together with its conservative financial policy.

      Date Title