Scope Ratings is calling for comments on its updated Chemical Corporates Rating Methodology until 22 March 2023.

Download the proposed methodology here.

The proposed update of the methodology includes the following adjustments:

• Expansion of rating scale in the business risk profile by ‘AA and above’ and ‘CCC and below’ category.
   
• EBITDA margin the in the operating profitability assessment is now conducted on the last three years paired with Scope’s forecast for the current year. Formerly, the assessment was performed on using a through the cycle approach.
   
• Minor editorial changes

Scope invites issuers, investors and other interested parties to comment on the methodology by 22 March 2023 as part of the agency’s ongoing commitment to transparency and open dialogue with market participants.

Please send your comments to consultation@scoperatings.com.

Scope will review and publish the content of written responses in accordance with regulatory requirements unless the respondent has explicitly requested confidentiality and will publish the final version of the methodology thereafter.