Moody’s: Royal DSM to stable

Moody's Investors Service said it affirmed Royal DSM NV's A3 issuer and senior unsecured bond ratings, provisional A3/provisional Prime-2 senior unsecured medium-term note program ratings and Prime-2 (P-2) commercial paper rating.

Concurrently, the agency changed the outlook on all ratings to stable from negative.

Moody’s said the affirmation and outlook stabilization reflect its view that the positioning of Royal DSM's rating within the A3 category will be significantly strengthened following the sale of its 34% stake in Patheon NV that is expected to be completed by year-end 2017.

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