Scope rated LANXESS “BBB” and stable outlook
- Specialty chemicals company rated by European rating agency for the first time
- Positive emphasis on strategic course
Specialty chemicals company LANXESS was rated for the first time by the rating agency Scope. Berlin-based Scope Ratings assigned “BBB” and stable outlook to the company's creditworthiness. Scope recognized LANXESS's strong positions in mid-sized and niche markets, the diversity of end markets and global regions as well as its sound financial management positively. LANXESS CFO Michael Pontzen: “The rating confirms our strategic course and our focus on financial solidity.” At the same time, he underlined the importance of a rating by Scope. “LANXESS strives for a high level of transparency on the capital market. With the evaluation by Scope, banks and investors can now assess us even better.” Scope sees itself as a European alternative to major U.S. agencies and wants to contribute to the diversity of opinion in this market.
LANXESS is currently rated BBB- by Standard&Poor's and Baa3 by Moody's.
Forward-Looking Statements
This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors, nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accepts any liability whatsoever arising directly or indirectly from the use of this document.
