PARIS (S&P Global Ratings) Nov. 8, 2021--S&P Global Ratings said today that it had withdrawn its 'B' long-term issuer credit rating on specialty chemicals distributor Azelis Holding S.a r.l. at the company's request. The outlook was stable at the time of the withdrawal. See our last research update, "Specialty Chemical Distributor Azelis Affirmed At 'B' On Acquisitions And Resilient Performance; Outlook Stable," published May 12, 2021, on RatingsDirect. Azelis successfully completed its IPO on Euronext Brussels with total offering size €1.8 billion. The IPO was launched on Sept. 14, 2021, with first quote Sept. 22 and over-allotment option closed Oct. 21, 2021. Key shareholders EQT Private Equity (through its holding company Akita) and PSP Investments, are expected to retain about
