08.05.2014 11:58:00
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Bayer AG -- Moody's affirms Bayer's A3 ratings; changes outlook to stable from positive
London, 08 May 2014 -- Moody's Investors' Service has today affirmed the senior unsecured A3/P-2 ratings of Bayer AG ("Bayer" or "the Company") and changed the outlook on all ratings from positive to stable. The rating action follows the company's announcement of USD14.2 billion cash acquisition of the consumer care business from the US-based Merck&Co ("Merck", rated A2 stable).