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 10, 2022. 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|
Responsible rating analyst at Moody's:
Phone: +49 69 70730-784