Previous Close | 14.75 |
Open | 14.75 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's Range | 14.75 - 14.75 |
52 Week Range | 7.77 - 15.55 |
Volume | 101 |
Avg. Volume | 11 |
Market Cap | N/A |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Rating Action: Moody's downgrades Evonik to Baa2, changes outlook to stableGlobal Credit Research - 20 Apr 2021Frankfurt am Main, April 20, 2021 -- Moody's Investors Service ("Moody's") today downgraded to Baa2 from Baa1 the long term issuer rating and senior unsecured bond ratings of Evonik Industries AG ("Evonik"). Moody's also downgraded to Baa2 from Baa1 the rating on the senior unsecured bonds of Evonik Finance B.V.. The rating outlook on both entities was changed to stable from negative.A full list of affected ratings can be found at the end of this press release.RATINGS RATIONALEThe downgrade of Evonik's long-term issuer rating to Baa2 reflects Moody's-adjusted gross financial leverage with debt/EBITDA that has been above 3.0x since 2016 and low Moody's-adjusted free cash flow (FCF) generation -- average of around E109 million in the 2016-2020 period -- that limits the ability to deleverage.
Announcement: Moody's says acquisition by Lanxess is credit positive for ASP Emerald Holdings, LLCGlobal Credit Research - 17 Feb 2021New York, February 17, 2021 -- Moody's Investors Service says Lanxess AG's (Baa2, stable) acquisition of ASP Emerald Holdings, LLC (B2 stable) (dba Emerald Performance Materials) for an enterprise value of $1.075 billion (approximately E885 million) in cash is credit positive for Emerald as they are being acquired by a company with a much stronger financial profile, but has no impact on the company's ratings or outlook. Emerald is owned by private equity sponsor, American Securities, LLC, which acquired the company from Sun Capital Partners in 2014.
Rating Action: Moody's affirms Lanxess' Baa2 rating, maintains stable outlookGlobal Credit Research - 15 Feb 2021Frankfurt am Main, February 15, 2021 -- Moody's Investors Service ("Moody's") has today affirmed Lanxess AG's ("Lanxess") Baa2 long-term issuer rating, its Baa2 senior unsecured and backed senior unsecured bond ratings and its (P)Baa2 senior unsecured MTN programme rating. Concurrently, Moody's affirmed the Ba1 rating of Lanxess' preferred stock notes.