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Lanxess AG -- Moody's upgrades Lanxess to Baa2; stable outlook

Moody's Investors Service, ("Moody's") today upgraded the issuer and senior unsecured bond ratings of Lanxess AG ("Lanxess") to Baa2 from Baa3, and its senior unsecured MTN programme rating to (P)Baa2 from (P)Baa3. Concurrently, Moody's upgraded the rating of Lanxess' hybrid notes to Ba1 from Ba2.