Fitch revises Bayer view to stable

Fitch Ratings said it revised the outlook on Bayer AG to stable from negative and affirmed the issuer and senior unsecured ratings at BBB+.

“The revision of the outlook reflects Bayer’s announcement that it has achieved a series of settlements in its legacy product liability litigations totaling up to $12.1 billion, which will be funded partly by disposal proceeds, free cash flow (FCF) generation and existing cash. Additional bond issuances will enhance financial flexibility to cover upcoming debt maturities,” Fitch said in a press release.

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