10.05.2016
Evonik Industries AG DE000EVNK013
DGAP-News: Evonik Industries AG: Moody's upgrades Evonik to Baa1 with Stable Outlook
DGAP-News: Evonik Industries AG / Key word(s): Rating
Evonik Industries AG: Moody's upgrades Evonik to Baa1 with Stable Outlook
10.05.2016 / 16:30
The issuer is solely responsible for the content of this announcement.
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Moody's upgrades Evonik to Baa1 with Stable Outlook
The rating agency Moody's upgraded the credit rating of Evonik Industries
AG from Baa2 with a positive outlook to Baa1 with a stable outlook. The
rating upgrade followed our announcement to acquire the specialty & coating
additives business (Performance Materials Division) of Air Products and
Chemicals, Inc.
The agency expects that the acquisition will enhance the specialty
chemicals franchise of Evonik and strengthen Evonik's business profile by
adding scale and diversity.
Ute Wolf, CFO of Evonik comments: "The rating upgrade from Moody's
acknowledges our consistent strategy towards a portfolio of high-margin
resilient businesses.
Maintaining a solid investment grade rating forms a central element of
Evonik's corporate strategy."
The rating agency Standard & Poor's already confirmed the credit rating of
Evonik Industries AG at BBB+ with a stable outlook on May 6, 2016.
Company information
Evonik, the creative industrial group from Germany, is one of the world
leaders in specialty chemicals. Profitable growth and a sustained increase
in the value of the company form the heart of Evonik's corporate strategy.
Its activities focus on the key megatrends health, nutrition, resource
efficiency and globalization. Evonik benefits specifically from its
innovative prowess and integrated technology platforms.
Evonik is active in over 100 countries around the world. In fiscal 2015
more than 33,500 employees generated sales of around EUR13.5 billion and an
operating profit (adjusted EBITDA) of about EUR2.47 billion.
Disclaimer
In so far as forecasts or expectations are expressed in this Investor
Relations News or where our statements concern the future, these forecasts,
expectations or statements may involve known or unknown risks and
uncertainties. Actual results or developments may vary, depending on
changes in the operating environment. Neither Evonik Industries AG nor its
group companies assume an obligation to update the forecasts, expectations
or statements contained in this release.
Contact:
Tim Lange
Head of Investor Relations
+49 201 177-3150
[email protected]
Evonik Industries AG
Rellinghauser Straße 1-11
45128 Essen
Germany
Phone +49 201 177-01
Telefax +49 201 177-3475
www.evonik.com
Supervisory Board
Dr. Werner Müller, Chairman
Executive Board
Dr. Klaus Engel, Chairman
Christian Kullmann
Dr. Ralph Sven Kaufmann
Thomas Wessel
Ute Wolf
Registered office Essen
Registered court
Essen local court
Commercial registry B 19474
VAT ID no. DE 811160003
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10.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Evonik Industries AG
Rellinghauser Straße 1-11
45128 Essen
Germany
Phone: +49 (0) 201 177-01
Fax: +49 (0) 201 177-3475
E-mail: [email protected]
Internet: www.evonik.com
ISIN: DE000EVNK013, XS0911405784
WKN: EVNK01, A1TM7T
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Hamburg, Hanover, Munich,
Stuttgart; Terminbörse EUREX; Luxemburg
End of News DGAP News Service
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