Announcements
Drinks
31/7/2019 Rating announcement EN
Scope affirms and withdraws BBB+ issuer rating on LANXESS Finance B.V.
Scope Ratings has today affirmed and withdrawn its BBB+ issuer rating on LANXESS Finance B.V. The agency also affirmed and withdrew the S-2 short-term rating, the BBB+ senior unsecured debt rating, and the BBB- subordinated debt rating.
18/3/2019 Monitoring note EN
LANXESS: solid credit metrics in FY 2018 despite challenging macro environment
Following the release of LANXESS’ financial results for FY 2018, the company’s credit metrics were supported by the ARLANEXO divestment and stronger-than-expected financial results in H2 2018, withstanding weakening economic conditions.
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.