Our credit view of this issuer reflects its vertical integration, allowing operating flexibility and economies of scale, offset by its expectation of negative Moody's-adjusted FCF.
Our credit view of BASF (SE) reflects its leading global market positions across key geographies, offset by its expectation of negative Moody's-adjusted FCF.
Our credit view reflects our expectation of credit metrics that position the rating adequately in the A3 category, against the expectation of negative Moody's-adjusted FCF.
Our credit view of this issuer reflects point-in-time solid rating positioning against challenges to monetise its Wintershall Dea assets and to fund expansion in Asia and into batteries.
Strengthened credit metrics and Solenis divestiture with expected gross proceeds of around €1.2 billion give BASF the flexibility at the A3 rating level