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      XS1152338072
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      Scope converts German Merck’s ratings into unsolicited subscription ratings available on ScopeOne

      29/12/2023 Monitoring note EN

      Scope converts German Merck’s ratings into unsolicited subscription ratings available on ScopeOne

      Following Merck’s request for a withdrawal of Scope’s public ratings on the German conglomerate, the rating agency has converted all ratings into unsolicited subscription ratings.

      Scope upgrades Merck KGaA’s issuer rating to A/Stable from A-/Positive

      17/10/2022 Rating announcement EN

      Scope upgrades Merck KGaA’s issuer rating to A/Stable from A-/Positive

      The upgrade is driven by the improved leverage due to the group’s strong growth and resilience to macroeconomic headwinds.

      Scope affirms Merck KGaA’s issuer rating of A- and raises Outlook to Positive

      11/10/2021 Rating announcement EN

      Scope affirms Merck KGaA’s issuer rating of A- and raises Outlook to Positive

      The Positive Outlook is driven by the expectation that the greatly improved credit metrics will be sustained.

      Scope affirms A-/Stable issuer rating on Merck KGaA

      9/10/2020 Rating announcement EN

      Scope affirms A-/Stable issuer rating on Merck KGaA

      The ratings reflect the company's strong deleveraging focus after the Versum acquisition, its limited exposure to the coronavirus crisis and the expectation that it will deliver on its pharma pipeline.

      Scope affirms Merck at A-, Stable Outlook

      22/10/2019 Rating announcement EN

      Scope affirms Merck at A-, Stable Outlook

      The rating reflects Merck's strong divisional portfolio, including credit-supportive underlying industries, and the expectation that credit metrics will improve after the acquisition of Versum.

      Scope affirms A- Merck KGaA rating

      2/11/2018 Rating announcement EN

      Scope affirms A- Merck KGaA rating

      The ratings continue to reflect our view of Merck's credit supportive business risk profile around its three critically sized divisions. It also reflects our view on management's conservative financial policy driving for continuous deleveraging.

      Merck KGaA's senior unsecured debt rated at A- and its subordinated hybrid debt rated at BBB

      19/4/2018 Rating announcement EN

      Merck KGaA's senior unsecured debt rated at A- and its subordinated hybrid debt rated at BBB

      A- issuer ratings assigned to Merck Financial Services GmbH and to EMD Finance LLC

      Date Title