03.06.18
The credit rating agency Standard & Poor’s Global Ratings (S&P) has upgraded its long-term corporate credit rating for the global chemical company Oxea to B+ from B with a stable outlook. The upgrade reflects Oxea’s leading position as a European and U.S. producer of oxo intermediate and oxo derivative chemicals. In addition, the rating agency mentioned Oxea’s steady improvement in profitability over the past 12 months.
“We are pleased with S&P’s recognition of our strong performance in 2017 and our sustained positive business development”, said Stefan Schmidt, Oxea’s chief financial officer. “The acknowledgment is also a motivation for us to continue to develop our position as one of the leading manufacturers of oxo intermediates and oxo derivatives.”
“We are pleased with S&P’s recognition of our strong performance in 2017 and our sustained positive business development”, said Stefan Schmidt, Oxea’s chief financial officer. “The acknowledgment is also a motivation for us to continue to develop our position as one of the leading manufacturers of oxo intermediates and oxo derivatives.”
