Fitch rates Solvay A

Fitch Ratings said it assigned Solvay SA issuer default and senior unsecured debt ratings of A and a short-term rating of F1.

The outlook on the issuer default rating is stable.

Fitch said the ratings take into account Solvay's strong market positions in several of its products. While parts of the chemicals and plastics activities are subject to significant demand cyclicality and raw material price sensitivity, the group is successfully increasing the proportion of less-cyclical specialty chemical and pharmaceutical products, which reduces the overall business volatility. The rating is further supported by the above-average diversification of Solvay's products geographically as well as from an end-markets perspective.

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