Moody's affirms Bayer's Baa1 rating, changes outlook to stable
Moody's Investors Service, ("Moody's") has affirmed Bayer AG's (Bayer) senior unsecured rating at Baa1, concurrently the rating agency has affirmed the company's senior unsecured MTN program rating at (P)Baa1, the ratings of its hybrid notes at Baa3 and Bayer's short-term commercial paper rating at P-2.