Global Corporate Website show/hide navigation Region & Country Websites Language EN Contact Home Investors Debt Rating Credit Rating Private rating agencies provide credit assessments for companies acting in different industries. This evaluation is based on information from a continuous dialogue between the rating agency and the company and a comprehensive analysis of all available information. The credit rating of an independent agency supports debt capital investors in the risk assessment of companies and their issued financial instruments. On October 7, 2015, one day after the initial stock market listing of the Covestro share, Covestro AG received a Baa2 investment-grade rating and a stable outlook by the agency Moody’s Investors Service. On December 19, 2017, Moody’s upgraded the outlook to “positive”. On July 30, 2018, Moody’s raised the credit rating for the company from Baa2 to Baa1 with a stable outlook. On June 2, 2020, Moody’s lowered the company rating from Baa1 to Baa2 with negative outlook. On March 31, 2021, Moody's confirmed the Baa2 rating and raised the outlook to stable. Covestro targets a capital structure and financial ratios that support a solid investment-grade rating also in the future. The rating evaluation represents the estimation of potential risks of a company, specifically the risk of it defaulting on its obligations in a debt financing agreement. If a company can meet its obligations towards creditors, the better its credit rating and the lesser the risk of default. In general, a company with a good rating can expect to obtain loans at more favorable conditions, as a loan issuer will increase interest according to the risk of default and the nature of the credit rating. Moody's Issuer Rating Outlook Last Update Baa2 stable Oct. 7, 2015 Baa2 stable June 10, 2016 Baa2 positive Dec. 19, 2017 Baa1 stable July 30, 2018 Baa1 stable July 2, 2019 Baa2 negative June 2, 2020 Baa2 stable March 31, 2021 The rating evaluation represents the estimation of potential risks of a company, specifically the risk of it defaulting on its obligations in a debt financing agreement. If a company can meet its obligations towards creditors, the better its credit rating and the lesser the risk of default. In general, a company with a good rating can expect to obtain loans at more favorable conditions, as a loan issuer will increase interest according to the risk of default and the nature of the credit rating. Responsible rating analyst at Moody's: Martin Kohlhase Phone: +49 69 7073 0719 E-mail: martin.kohlhase@moodys.com Get in touch with us! Enter your message here Our Products & Services Company Profile Product Finder Product Safety First Order@Covestro Tank Farm Assessment Covestro Direct Store About us Covestro is a world-leading supplier of high-tech polymer materials: innovative, sustainable and diverse www.covestro.com Conditions of Use Imprint Privacy Statement Copyright © 2021 Covestro AG Use of cookies We would like to use cookies to detect our users’ preferences and design the website optimally. More detailed information and instructions on how you can revoke your consent at any time are provided in our Data Privacy Declaration. OK Close