Moody’s today published a downgrade of BASF’s long-term and short-term credit ratings from “A2/P-1/review for downgrade” to “A3/P-2/outlook stable.” The reasons for these changes include the economic impact of the COVID-19 pandemic and related uncertainty. “We have taken note of Moody’s decision, and we will strive to come back to a solid A rating at Moody’s. At S&P and Fitch, BASF continues to have a solid A rating.
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