Scope rated LANXESS “BBB” and stable outlook

LANXESS

09 Feb 2018

• 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.