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![Scope converts German Merck’s ratings into unsolicited subscription ratings available on ScopeOne](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_ab51344fbb288fd2351de38c5b9c0f6bad22b7f17712c633831499a68df4037e.jpg)
29/12/2023 Monitoring note EN
Scope converts German Merck’s ratings into unsolicited subscription ratings available on ScopeOne
Following Merck’s request for a withdrawal of Scope’s public ratings on the German conglomerate, the rating agency has converted all ratings into unsolicited subscription ratings.
![Scope has completed a monitoring review for Merck KGaA](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_77e87177a2ec6c4615fea65ec3b6707b5371ecdeb26f0b8711f91b740db58905.jpg)
19/8/2022 Monitoring note EN
Scope has completed a monitoring review for Merck KGaA
No action has been taken on the ratings until Scope received additional guidance on the company's medium-term cash deployment and deleveraging policy. This will likely be provided within the upcoming capital markets day.
![Scope affirms A- Merck KGaA rating](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_8a78e7c25435f27b524a2f73b95656aadf855471b4cc7e20076ccecf3bef707c.jpg)
2/11/2018 Rating announcement EN
Scope affirms A- Merck KGaA rating
The ratings continue to reflect our view of Merck's credit supportive business risk profile around its three critically sized divisions. It also reflects our view on management's conservative financial policy driving for continuous deleveraging.