Credit Rating
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.
Responsible rating analyst at Moody's:
Moritz Melsbach
Phone: +49 69 70730-784
E-mail: moritz.melsbach@moodys.com
