Moody's Ratings upgrades Clariant to investment grade and assigns Baa3 issuer rating; stable outlook
Moody's Ratings (Moody's) has today assigned a Baa3 long-term issuer rating of Swiss headquartered specialty chemicals company Clariant AG (Clariant or the company). Concurrently, we withdrew its Ba1 corporate family rating (CFR) and Ba1-PD probability of default rating (PDR). Outlook changed to sta...Clariant is a specialty chemicals group based in Switzerland. Co. develops, manufactures, distributes and sells a broad range of specialty chemicals which play a key role in its customers' manufacturing and treatment processes or add value to their end products. Co. has manufacturing plants around the world and sells mainly in countries within Europe, the Americas and Asia. Co.'s businesses are organized into four business areas: Care Chemicals (BU Industrial & Consumer Specialties), Catalysis & Energy (BU Catalysts, Business Line Energy Storage), Natural Resources (BU Oil & Mining Services, BU Functional Minerals), and Plastics & Coatings (BU Additives, BU Masterbatches, BU Pigments).
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