Lanxess AG http://www.alacrastore.com/company-snapshot/Lanxess_AG-3636806 Thursday, July 24, 2008 4:11:48 PM 3636806 Lanxess AG en AlacraStore RSS Builder 1.0 30 CHINA - Lanxess AG agreed to acquire the two production units of Jinzhuo Chemicals Co Ltd, a specialty chemicals manufacturer and wholesaler.6/28/2008 9:20:22 AM51658T47857W51658T47855PLanxess AGJinzhuo Chemicals Co Ltd- Production Units(2)Lanxess AGJinzhuo Chemicals Co Ltdhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Lanxess_AG_acquires_Jinzhuo_Chemicals_Co_Ltd_Units_from_Jinzhuo_Chemicals_Co_Ltd-1990994040sdc/19909940401990994040Copyright © 2008, Thomson Financial, All Rights ReservedFrankfurtChemicals and Allied ProductsGermanyChemicals and chemical preparations, nec2899FFForeignPublicLXS2822:Synthetic rubber (vulcanizable elastomers)2899:Chemicals and chemical preparations, nec3061:Mechanical rubber goods3069:Fabricated rubber prod, nec3089:Plastics products, nec5169:Chemicals and allied products, nec2822:Synthetic rubber (vulcanizable elastomers)2899:Chemicals and chemical preparations, nec3061:Mechanical rubber goods3069:Fabricated rubber prod, nec3089:Plastics products, nec5169:Chemicals and allied products, necChemicals and Allied ProductsChinaChemicals and chemical preparations, nec2899FFForeignSubsidiary886026003Mnfr,whl specialty chemMnfr,whl specialty chemUnspecifiedAssets1025457001Jun 28 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.00000Lanxess AG, located inLeverkusen, Germany,manufactures and wholesalesspecialty chemicals, plastics,rubber, and intermediates. Itoperates in three segments:Performance Polymers, AdvancedIntermediates, and PerformanceChemicals. PerformancePolymers segment produces andsells rubber and plasticproducts. The company wasfounded in 1863.Lanxess AG, located in Leverkusen, Germany, manufactures andwholesales specialty chemicals, plastics, rubber, andintermediates. It operates in three segments: PerformancePolymers, Advanced Intermediates, and Performance Chemicals.Performance Polymers segment produces and sells rubber andplastic products. The company was founded in 1863.Lanxess AG, located in Leverkusen, Germany, manufactures and wholesales specialty chemicals, plastics, rubber, and intermediates. It operates in three segments: Performance Polymers, Advanced Intermediates, and Performance Chemicals. Performance Polymers segment produces and sells rubber and plastic products. The company was founded in 1863.1.000002.00000Two Production Units ofJinzhuo Chemicals Co Ltd.Two Production Units of Jinzhuo Chemicals Co Ltd.Two Production Units of Jinzhuo Chemicals Co Ltd.0.000000.000000.000000.00000Y26 Jun 08Thu, 26 Jun 2008 00:00:00 ESTDate Announced: 06/26/2008Date Effective:Acq. of AssetsFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000003856.126000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.00000CHINA - Lanxess AG agreed toacquire the two productionunits of Jinzhuo Chemicals CoLtd, a specialty chemicalsmanufacturer and wholesaler.CHINA - Lanxess AG agreed to acquire the two production units of Jinzhuo Chemicals Co Ltd, a specialty chemicals manufacturer and wholesaler.CHINA - Lanxess AG agreed to acquire the two production units of Jinzhuo Chemicals Co Ltd,a specialty chemicals manufacturer and wholesaler.CHINA - Lanxess AG agreed to acquire the two production units of Jinzhuo Chemicals Co Ltd, a specialty chemicals manufacturer and wholesaler.CHINA - Lanxess AG agreed to acquire the two production units of Jinzhuo Chemicals Co Ltd, a specialty chemicals manufacturer andwholesaler.Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000002819:Industrial inorganic chemicals, nec2869:Industrial organic chemicals, nec2899:Chemicals and chemical preparations, nec5169:Chemicals and allied products, nec886026003FrankfurtGermany2899ForeignPublicLXS2819:Industrial inorganic chemicals, nec2869:Industrial organic chemicals, nec2899:Chemicals and chemical preparations, nec5169:Chemicals and allied products, nec1025441001China2899ForeignPrivate0.000000.000000.000000.00000Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/spcred/648671spcred/648671normThe latest News from S&Pglobal5/16/2008 8:21:03 AM100News648671GermanyDiversified ChemicalsEurope, Middle East, AfricaGlobal IssuersCorporationsChemicalsNewsFRANKFURT (Standard&Poor's) May 16, 2008--Standard&Poor's Ratings Services said today it affirmed its 'BBB' long-term and 'A-2' short-term corporate credit ratings on Germany-based chemical producer LANXESS AG. The outlook is stable. The ratings reflect LANXESS' position as a leading European manufacturer of chemicals--including base chemicals, intermediates, polymers, and specialty chemicals--and its intermediate financial profile. "LANXESS has particularly strong market positions in synthetic rubber, basic chemicals, and inorganic pigments," said Standard&Poor's credit analyst Tobias Mock. "We expect the supply-and-demand balance for the majority of these products to remain solid in the coming years." LANXESS' product portfolio contains many base and intermediate chemical products that are sensitive to supply-and-demand imbalances and to the volatility of raw materialDEU15101020 151010 1510 15LANXESS AG382904EUROMIDAFRLXS@GRNEWSGLOBISSCORPChemicalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/648672spcred/648672normThe latest Research Update from S&Pglobal5/16/2008 8:21:03 AM175Research Update648672GermanyDiversified ChemicalsEurope, Middle East, AfricaGlobal IssuersCorporationsChemicalsResearch UpdateOn May 16, 2008, Standard&Poor's Ratings Services affirmed its 'BBB' long-term and 'A-2' short-term corporate credit ratings on Germany-based chemical producer LANXESS AG. The outlook is stable. The ratings reflect LANXESS' position as a leading European manufacturer of chemicals--including base chemicals, intermediates, polymers, and specialty chemicals--and its intermediate financial profile. LANXESS has particularly strong market positions in synthetic rubber, basic chemicals, and inorganic pigments. We expect the supply-and-demand balance for the majority of these products to remain solid in the coming years. LANXESS' product portfolio contains many base and intermediate chemical products that are sensitive to supply-and-demand imbalances and to the volatility of raw material costs. However, the company has successfully passed on higher raw material costs toDEU15101020 151010 1510 15LANXESS AG382904EUROMIDAFRLXS@GRRESUPDDEU15101020 151010 1510 15LANXESS Finance B.V.389613EUROMIDAFRGLOBISSCORPChemicalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/bir/1294659bir/1294659normLanxess AGGermanyManufacturing: LANXESS is an international chemical company producing high-quality chemicals, synthetic rubber, synthetic fibers and plastics2822281928243252123251313252229ILLXS3/20/2008 6:23:59 AM1294659Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/moodys/PBC_107176moodys/PBC_107176pdfAnalysis1/22/2008 8:13:23 AM...Headquartered in Leverkusen, Germany, Lanxess (rated Baa#, stable outlook) is a leading European chemical company with reported sales of ... Lanxess AG808385139300.0000AnalysispdfLanxess AGPBC_107176Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/626785spcred/626785normThe latest Full Report from S&P1/21/2008 12:58:49 PMFull Report400global626785GermanyDiversified ChemicalsEurope, Middle East, AfricaGlobal IssuersCorporationsChemicalsFull ReportLeading producer of synthetic rubber and basic chemicals Successful restructuring of portfolio, including divestiture of Lustran Polymers Good geographic, customer, and end-market diversification Exposure to commodity chemicals, with sensitivity to raw-material prices and capacity additions Profitability below peers, even though it has significantly improved Growth strategy could weaken credit quality The ratings on Germany-based chemicals producer LANXESS AG reflect its position as a leading European manufacturer of chemicals--including base chemicals, intermediates, polymers, and specialty chemicals--and its intermediate financial profile. LANXESS has particularly strong market positions in synthetic rubber, basic chemicals, and inorganic pigments. LANXESS' product portfolio contains many base and intermediate chemical products that are sensitive to supply-and-demand imbalances and to the volatility of raw-material costs. However, the company hasDEU15101020 151010 1510 15LANXESS AG382904EUROMIDAFRLXS@GRFULLGLOBISSCORPChemicalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/626786spcred/626786normThe latest Summary from S&P1/21/2008 12:58:49 PMSummary175global626786GermanyDiversified ChemicalsEurope, Middle East, AfricaGlobal IssuersCorporationsChemicalsSummaryThe ratings on Germany-based chemicals producer LANXESS AG reflect its position as a leading European manufacturer of chemicals--including base chemicals, intermediates, polymers, and specialty chemicals--and its intermediate financial profile. LANXESS has particularly strong market positions in synthetic rubber, basic chemicals, and inorganic pigments. LANXESS' product portfolio contains many base and intermediate chemical products that are sensitive to supply-and-demand imbalances and to the volatility of raw-material costs. However, the company has successfully passed on higher raw-material costs to its customers in recent quarters and has consequently focused on a price-before-volume strategy. The company's major end-markets include the highly concentrated automotive and tire industries. LANXESS has successfully restructured its business activities, including the disposal of several nonperforming assets with a total salesDEU15101020 151010 1510 15LANXESS AG382904EUROMIDAFRLXS@GRSUMMARYGLOBISSCORPChemicalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_808385139moodys/COP_808385139htmlGlobal Credit Research Credit Opinion ## JUL #### Credit Opinion: Lanxess AG Lanxess AG Leverkusen, Germany Ratings Category Moody's Rating Outlook Stable Issuer Rating Baa# Lanxess Finance B.V. Outlook Stable Bkd Senior Unsecured...1/3/2008 8:05:00 PMhtmlLanxess AGLanxess AG808385139150.0000NewsCredit OpinionCOP_808385139Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/CMT_0000414892moodys/CMT_0000414892htmlIssuer Comment12/14/2007 12:18:49 AMGlobal Credit Research Issuer Comment ## DEC #### Issuer Comment: Lanxess AG Moody's comments on Lanxess' acquisition of Petroflex Moody's Investors Services comments on Lanxess' announcement of the acquisition of a ##% stake in Petroflex...Lanxess AG808385139150.0000NewshtmlLanxess AGCMT_0000414892Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/619574spcred/619574normThe latest News from S&P12/13/2007 1:29:23 PMNews100global619574GermanyDiversified ChemicalsEurope, Middle East, AfricaGlobal IssuersCorporationsChemicalsNewsFRANKFURT (Standard&Poor's) Dec. 13, 2007--Standard&Poor's Ratings Services said today that the ratings on Germany-based chemicals producer LANXESS AG (Lanxess) are unaffected by its planned acquisition of Petroflex Industria e Comercio S.A., a Brazilian-based synthetic rubber producer. We expect the enterprise value of the transaction to be about €390 million. Lanxess plans to finance the transaction out of cash holdings and bank loan drawings under its €1.5 billion revolving credit facility, which is currently undrawn. We expect that Lanxess' cash flow protection ratios will continue to remain solid for the assigned rating. The transaction will further strengthen Lanxess' No.1 position as a polybutadiene rubber producer and in particular will increase its capacities in the fast-growing Latin AmericanDEU15101020 151010 1510 15LANXESS AG382904EUROMIDAFRLXS@GRNEWSGLOBISSCORPChemicalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/613954spcred/613954normThe latest Summary from S&P11/19/2007 3:35:42 PMSummary175global613954GermanyDiversified ChemicalsEurope, Middle East, AfricaGlobal IssuersCorporationsChemicalsSummaryThe ratings on Germany-based chemicals producer LANXESS AG reflect its position as a leading European manufacturer of chemicals--including base chemicals, intermediates, polymers, and specialty chemicals--and its intermediate financial profile. LANXESS has particularly strong market positions in synthetic rubber, basic chemicals, and inorganic pigments. LANXESS' product portfolio contains many base and intermediate chemical products that are sensitive to supply-and-demand imbalances and to the volatility of raw-material costs. However, the company has successfully passed on the higher raw-material cost to its customers in recent quarters and has consequently focused on a price-before-volume strategy. The company's major end-markets include the highly concentrated automotive and tire industries. LANXESS has successfully restructured its business activities, including the disposal of several nonperforming assets with a totalDEU15101020 151010 1510 15LANXESS AG382904EUROMIDAFRLXS@GRSUMMARYGLOBISSCORPChemicalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/613950spcred/613950normThe latest News from S&P11/19/2007 1:25:42 PMNews100global613950GermanyDiversified ChemicalsEurope, Middle East, AfricaGlobal IssuersCorporationsChemicalsNewsOn Nov. 19, 2007, Standard&Poor's Ratings Services assigned its 'BBB' senior unsecured debt rating to the €1.5 billion syndicated revolving credit facility (RCF) issued by Germany-based chemicals producer LANXESS AG. The credit facility, with a seven-year maturity, replaces LANXESS' former €1.25 billion RCF, which would have matured in 2012. The new credit facility is mainly intended as a back-up, but can also be used for internal and external growth. The facility is also subject to covenants, including a net debt to EBITDA covenant, which offers LANXESS significant headroom. The rating on the new senior unsecured credit facility is equalized with the corporate credit rating on LANXESS. Although there is no meaningful financial debt ranked above it, we calculateDEU15101020 151010 1510 15LANXESS AG382904EUROMIDAFRLXS@GRNEWSGLOBISSCORPChemicalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/593580spcred/593580norm7/31/2007 8:55:34 AMThe latest News from S&PNewsPIGMENTS CHEMICALS OFF BAYER CYCLICALITY TRACK SPECIALTY BENEFIT SUPPORTING RAW LANXESS INTERMEDIATES MOCK PRODUCER SPIN PURSUED LUSTRAN FFO EUR EXPECT TOBIAS METRICS ACTIVE POLYMERS INORGANIC RUBBER EBITDA INEOSFRANKFURT (Standard&Poor's) July 31, 2007--Standard&Poor's Ratings Services said today it raised its long-term and short-term corporate credit ratings on Germany-based chemicals producer LANXESS AG to 'BBB' and 'A-2' from 'BBB-' and 'A-3'. The ratings were removed from CreditWatch, where they were placed with positive implications on June 29, 2007. The outlook is stable. "The upgrade reflects LANXESS' improved business risk profile, which it achieved through active portfolio management and strong cash flow metrics," said Standard&Poor's credit analyst Tobias Mock. "We expect it to maintain conservative financing policies supporting a 'BBB' rating." LANXESS has pursued an active disposal strategy since its spin-off from Bayer AG (BBB+/Positive/A-2), divesting five businesses with low profitability, weak market positions,LANXESS AG15101020 151010 1510 15DEUglobal100.00382904593580Credit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/593581spcred/593581norm7/31/2007 8:55:34 AMThe latest Research Update from S&PResearch UpdatePIGMENTS CHEMICALS PRUDENTLY MATERIALLY BENEFIT SUPPORTING RAW INTERMEDIATES UNDERPINNED AROMATICS PROLONGED PRODUCER INFLUENCED PURSUED LUSTRAN 1.6X EXPECT BROAD OUTS AMERICAS METRICS ACTIVE MATURES RUBBER POSITIVELY OFF TIGHT BAYER CYCLICALITY TRACK SPECIALTY LANXESS DIVERSIFIED GEOGRAPHICALLY RECOGNIZED SATISFY AUTOMOTIVE SPIN FFO BILATERAL EUR UNUSED UNDRAWN POLYMERS AIMING WEAKEN INORGANIC EBITDA INEOSOn July 31, 2007, Standard&Poor's Ratings Services raised its long-term and short-term corporate credit ratings on Germany-based chemicals producer LANXESS AG to 'BBB' and 'A-2' from 'BBB-' and 'A-3'. The ratings were removed from CreditWatch, where they were placed with positive implications on June 29, 2007. The outlook is stable. The upgrade reflects LANXESS' improved business risk profile, which it achieved through active portfolio management and strong cash flow metrics. We expect it to maintain conservative financing policies supporting a 'BBB' rating. LANXESS has pursued an active disposal strategy since its spin-off from Bayer AG (BBB+/Positive/A-2), divesting five businesses with low profitability, weak market positions, and high sensitivity to raw-material costs. These businesses totaled about Ç1.4 billion inLANXESS AG15101020 151010 1510 15DEUglobal100.00382904593581Credit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_137801_808387348moodys/PR_137801_808387348htmlRating Action7/18/2007 12:47:44 AMGlobal Credit Research Rating Action ## JUL #### Rating Action: Lanxess Finance B.V. Moody's upgrades Lanxess to Baa#, stable outlook London, ## July #### -- London, July ##, #### -- Moody's Investors Service today upgraded the long-term...Lanxess Finance B.V.808387348150.00Newshtml808385139Lanxess AGLanxess AG; Lanxess Finance B.V.PR_137801_808387348Credit & Investment ResearchMoody's Global Credit Research