Bulletin: Ratings On Clariant And SABIC Unaffected By SABIC's Acquisition Of Clariant Stake - S&P Global Ratings’ Credit Research

Bulletin: Ratings On Clariant And SABIC Unaffected By SABIC's Acquisition Of Clariant Stake

Bulletin: Ratings On Clariant And SABIC Unaffected By SABIC's Acquisition Of Clariant Stake - S&P Global Ratings’ Credit Research
Bulletin: Ratings On Clariant And SABIC Unaffected By SABIC's Acquisition Of Clariant Stake
Published Jan 26, 2018
2 pages (936 words) — Published Jan 26, 2018
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Abstract:

LONDON (S&P Global Ratings) Jan. 26, 2018--S&P Global Ratings said today that its ratings on Clariant AG (BBB-/Stable/A-3) and Saudi Basic Industries Corp. (SABIC; A-/Stable/A-2) are unaffected by SABIC's acquisition of a 24.99% stake in Clariant. SABIC acquired the stakes from 40 North and Corvex Management. We view the acquisition of the Clariant stake as strategic for SABIC, which aims to enhance its portfolio and add specialty chemicals into its downstream business. At this stage, we don't anticipate any material changes to Clariant's financial policy and its commitment to the rating. For our recent analyses on Clariant and SABIC, see "Swiss Chemicals Company Clariant Outlook Revised To Stable From Positive On Merger Cancellation; 'BBB-' Rating Affirmed," published on Nov. 1,

  
Brief Excerpt:

...LONDON (S&P Global Ratings) Jan. 26, 2018--S&P Global Ratings said today that its ratings on Clariant AG (###-/Stable/A-3) and Saudi Basic Industries Corp. (SABIC; A-/Stable/A-2) are unaffected by SABIC's acquisition of a 24.99% stake in Clariant. SABIC acquired the stakes from 40 North and Corvex Management. We view the acquisition of the Clariant stake as strategic for SABIC, which aims to enhance its portfolio and add specialty chemicals into its downstream business. At this stage, we don't anticipate any material changes to Clariant's financial policy and its commitment to the rating. For our recent analyses on Clariant and SABIC, see "Swiss Chemicals Company Clariant Outlook Revised To Stable From Positive On Merger Cancellation; '###-' Rating Affirmed," published on Nov. 1, 2017, and "Saudi Basic Industries Corp." published on Dec. 19, 2017, both on RatingsDirect. Only a rating committee may determine a rating action and this report does not constitute a rating action....

  
Report Type:

Bulletin

Ticker
CLN@VX
Issuer
Clariant AG
GICS
Specialty Chemicals (15101050)
Sector
Global Issuers
Country
Switzerland
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Ratings On Clariant And SABIC Unaffected By SABIC's Acquisition Of Clariant Stake" Jan 26, 2018. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ratings-On-Clariant-And-SABIC-Unaffected-By-SABIC-s-Acquisition-Of-Clariant-Stake-1985872>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Ratings On Clariant And SABIC Unaffected By SABIC's Acquisition Of Clariant Stake Jan 26, 2018. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ratings-On-Clariant-And-SABIC-Unaffected-By-SABIC-s-Acquisition-Of-Clariant-Stake-1985872>
  
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