Lanxess AG
Lanxess AG
03/09/2026 | Press release | Distributed by Public on 03/09/2026 11:50
LANXESS: Moody’s rating change with limited impact on financing costs
Cologne, March 9, 2026 - Rating agency Moody's today adjusted the long-term issuer rating of LANXESS from Baa3 (negative outlook) to Ba1 (negative outlook). The company regrets this development and continues to target financial metrics in line with a solid investment-grade rating.
Rating agency Scope currently rates LANXESS at BBB (stable outlook).
From a financial perspective, the rating change has very limited impact on LANXESS' existing financing costs. These will increase by only around EUR 1 million per year, relating to the commitment fees on the company's existing credit lines.
The average fixed coupon of all outstanding LANXESS bonds currently amounts to around 1 percent, supported by a well-balanced long-term maturity profile. The refinancing of the EUR 500 million bond maturing in October 2026 is secured through available liquidity, the company's established access to the bond markets, and its existing credit lines.
LANXESS is solidly financed over the long term and has access to undrawn, firmly committed credit lines totaling EUR 1.35 billion. The sustainability linked credit facility of EUR 800 million, concluded in September 2024, has a maturity until 2030 and includes an additional one-year extension option. In addition, LANXESS has unused bilateral credit lines of EUR 550 million. None of the financing instruments are subject to financial covenants.
LANXESS continues to work consistently on reducing its financial debt and aims to return to solid investment-grade rating metrics as quickly as possible.
LANXESS will publish its financial results for fiscal year 2025 on March 19, 2026.
Rating agency Scope currently rates LANXESS at BBB (stable outlook).
From a financial perspective, the rating change has very limited impact on LANXESS' existing financing costs. These will increase by only around EUR 1 million per year, relating to the commitment fees on the company's existing credit lines.
The average fixed coupon of all outstanding LANXESS bonds currently amounts to around 1 percent, supported by a well-balanced long-term maturity profile. The refinancing of the EUR 500 million bond maturing in October 2026 is secured through available liquidity, the company's established access to the bond markets, and its existing credit lines.
LANXESS is solidly financed over the long term and has access to undrawn, firmly committed credit lines totaling EUR 1.35 billion. The sustainability linked credit facility of EUR 800 million, concluded in September 2024, has a maturity until 2030 and includes an additional one-year extension option. In addition, LANXESS has unused bilateral credit lines of EUR 550 million. None of the financing instruments are subject to financial covenants.
LANXESS continues to work consistently on reducing its financial debt and aims to return to solid investment-grade rating metrics as quickly as possible.
LANXESS will publish its financial results for fiscal year 2025 on March 19, 2026.
Lanxess AG published this content on March 09, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on March 09, 2026 at 17:50 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]