Credit Rating

Private rating agencies provide credit assessments for companies acting in different industries. This evaluation is based on information from a continuous dialogue between the rating agency and the company and a comprehensive analysis of all available information.

The credit rating of an independent agency supports debt capital investors in the risk assessment of companies and their issued financial instruments.

On October 7, 2015, one day after the initial stock market listing of the Covestro share, Covestro AG received a Baa2 investment-grade rating and a stable outlook by the agency Moody’s Investors Service.

Most recently, Moody's affirmed Baa2 rating and stable outlook on May 3, 2024. Covestro targets a capital structure and financial ratios that support a solid investment-grade rating also in the future.

The rating evaluation represents the estimation of potential risks of a company, specifically the risk of it defaulting on its obligations in a debt financing agreement. If a company can meet its obligations towards creditors, the better its credit rating and the lesser the risk of default. In general, a company with a good rating can expect to obtain loans at more favorable conditions, as a loan issuer will increase interest according to the risk of default and the nature of the credit rating.

Long-term Issuer Rating Short-term Issuer Rating Last Update
Baa2 / stable outlook Oct. 7, 2015
Baa2 / stable outlook June 10, 2016
Baa2 / positive outlook Dec. 19, 2017
Baa1 / stable outlook July 30, 2018
Baa1 / stable outlook July 2, 2019
Baa2 / negative outlook June 2, 2020
Baa2 / stable outlook March 31, 2021
Baa2 / stable outlook May 10, 2022
Baa2 / stable outlook Prime-2 (P-2) August 26, 2022
Baa2 / stable outlook Prime-2 (P-2) June 21, 2023
Baa2 / stable outlook Prime-2 (P-2) May 3, 2024

Responsible rating analyst at Moody's:
Moritz Melsbach
Phone: +49 69 70730-784

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