Moody's Investors Service ("Moody's") assigned Baa1 ratings to three tranches of guaranteed senior unsecured notes totaling roughly $2 billion to be issued by LYB International Finance III, LLC (LIF3). "LyondellBasell is taking the opportunity to access the market and provide a substantial cash cushion for the company during the coronavirus pandemic, but this will also facilitate the refinancing of debt maturities in 2021 and 2022, " said John Rogers, Senior Vice President at Moody's and lead analyst on LyondellBasell.

Moody's Investors Service ("Moody's") affirmed the Baa1 senior unsecured ratings on LyondellBasell Industries N.V. (LYB) and its subsidiaries and affirmed the company's Prime-2 rating for commercial paper. "The economic fallout from the coronavirus pandemic combined with unusually low oil prices will pressure LyondellBasell's earnings and result in materially weaker credit metrics in 2020 that may exceed our downgrade triggers," said John Rogers, Senior Vice President and lead analyst for LyondellBasell Industries N.V.