Credit rating
Find hereafter Syensqo credit ratings, awarded by Standard & Poor’s & Moody’s, resulting from transparent and regular discussions with the leading rating agencies and a comprehensive analysis of all available information.
entity | Rating agency | Rating | Rating outlook | date | Additional comment |
Syensqo (SpecialtyCo) | Moodys | Baa1 | stable | 11/12/2023 | |
Syensqo (SpecialtyCo) | S&P | BBB+ | stable | 11/12/2023 |
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Liquidity reserves
At the end of 2023, Syensqo’s liquidity amounts to €2.8 billion including €1.2 billion of cash and cash equivalents on the statement of financial position and €1.6 billion undrawn revolving credit facilities (€1.4 billion syndicated and €0.2 billion bilateral, all are multi-year). In addition, Syensqo has access to a Belgian Treasury Bill program for €1.0 billion (no outstanding balance on December 31, 2023). The program is covered by back-up credit lines.
Bond issuance
| Issuer | Nominal | Coupon | Maturity | Redemption | |
| Senior USD note | Cytec Industries Inc. (US) | $163 million | 3.95% | 2025 | Transferred to Syensqo on 9th December 2023 |
| Hybrid bond (equity IFRS) | Syensqo SA (Belgium) | €500 million | 2.5% | 2025 | Transferred to Syensqo on 9th December 2023 |
| Senior EUR note | Syensqo SA (Belgium) | €500 million | 2.75% | 2027 | Transferred to Syensqo on 9th December 2023 |
| Senior USD note | Solvay Finance (America), LLC (US) | $600 million | 5.65% | 2029 | Issued on June 4, 2024 |
| Senior USD note | Solvay Finance (America), LLC (US) | $600 million | 5.85% | 2034 | Issued on June 4, 2024 |