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BASF SE Message Board

  • froh3115 froh3115 Mar 1, 2013 9:31 AM Flag

    S&P rating for BASF dropped to hold

    March 1, 2013: S&P Capital IQ dropped their rating of BASF to hold from buy. They see little if any upside due to 2012 results and soft comments made by BASF management. They don't see much opportunity for now due to German chemical market and previous 21% uptick of share price. Dividend however will be increased to 2.60 Euro dollars ($3.38 US @ 1.30$/Euro rate. AS usual, shareholder approval will be required before annual meeting and the annual dividend will be paid shortly after in May.

113.41-0.25(-0.22%)Jul 11 3:43 PMEDT

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