It is one of our main strategic objectives to maintain an investment-grade rating in the BBB range. The LANXESS management has continual contact with rating agencies, informing them about company strategy and development in regular conversations and ensuring intensive and open dialogue.

The world’s major rating agencies, Standard & Poor’s, Moody’s Investors Service and Fitch Ratings, reconfirmed their existing investment-grade ratings with stable outlook for LANXESS in fiscal 2011.