Bayer can absorb Roundup costs of 5 billion euros, but not 20 billion – Moody’s

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BERLIN (Reuters) – Bayer could absorb litigation costs of up to 5 billion euros (£4.3 billion) to settle ongoing lawsuits linked to its Monsanto weed-killer Roundup, credit rating agency Moody’s said on Tuesday.

But if payouts reach 20 billion euros – a possible scenario according to analysts – the German pharmaceuticals company is in danger of losing its “Baa1” investment rating.

READ THE FULL ARTICLE HERE AT REUTERS.COM:
https://uk.reuters.com/article/uk-bayer-glyphosate-credit-ratings/bayer-can-absorb-roundup-costs-of-5-billion-euros-but-not-20-billion-moodys-idUKKCN1S60SU

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