Fitch revises Solvay view to stable

Fitch Ratings said it revised the outlook on Solvay SA’s long-term issuer default rating to stable from positive and affirmed the IDR at BBB

“The revised outlook reflects our forecast that Solvay’s funds from operations (FFO) net leverage will remain within our guidelines for the BBB rating due to the impact of the coronavirus pandemic on key end markets such as automotive, aerospace or oil and gas and despite the €1.1 billion proceeds from the disposal of the Polyamides business completed in 1Q20,” Fitch said in a press release.

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