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Fitch Ratings Upgrades Bayer AG To A; Outlook Stable-DJ

Monday, 18 Mar 2013 07:43am EDT 

Dow Jones reported that Fitch Ratings has upgraded Bayer AG's (Bayer) long-term Issuer Default Rating (IDR) and senior unsecured rating, to A from A- with a stable outlook and the short-term IDR to F1 from F2. In addition Fitch has upgraded the hybrid instrument rating to BBB+ from BBB. The rating action follows Bayer's improved operating performance and financial positioning following its results published for fiscal year 2012. 

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-0.74 -0.55%
24 Oct 2014