Air Products and Chemicals, Inc. Credit Rating

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Date	Document Type	Title	Source
27 Feb 2023	Rating Action	Moody's rates Air Products' new green bonds at A2; outlook stable	Moody's Investors Service
30 Nov 2022	Credit Opinion	Air Products and Chemicals, Inc.: Credit Opinion update	Moody's Investors Service
23 Aug 2022	Announcement of Periodic Review	Moody's announces completion of a periodic review for a group of Chemical issuers	Moody's Investors Service
08 Nov 2021	Credit Opinion	Air Products and Chemicals, Inc.: Macro recovery and new projects support strong earnings in 2021; net debt metrics to weaken as capital is deployed.	Moody's Investors Service
02 Nov 2021	Rating Action	Moody's affirms Air Products' A2 ratings	Moody's Investors Service
08 Sep 2021	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of Air Products and Chemicals, Inc.	Moody's Investors Service
18 Feb 2021	Credit Opinion	Air Products and Chemicals, Inc.: Macro recovery and new projects support strong earnings in 2021; net debt metrics to weaken as capital is deployed.	Moody's Investors Service
07 Oct 2020	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of Air Products and Chemicals, Inc.	Moody's Investors Service
24 Jul 2020	Issuer Comment	Air Products and Chemicals, Inc.: Strong second quarter earnings demonstrate strength of business model	Moody's Investors Service
16 Jun 2020	Credit Opinion	Air Products and Chemicals, Inc.: Strong balance sheet and a highly resilient business creates opportunities during challenging times	Moody's Investors Service
27 Apr 2020	Rating Action	Moody's assigns A2 ratings to Air Products' proposed notes	Moody's Investors Service
01 Apr 2020	Issuer Comment	Air Products and Chemicals, Inc.: Air Products’ planned acquisition is credit neutral; industrial gas sector to remain resilient amid Coronavirus outbreak	Moody's Investors Service
07 Nov 2019	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of Air Products and Chemicals, Inc.	Moody's Investors Service
05 Aug 2019	Credit Opinion	Air Products and Chemicals, Inc.: Capital deployment estimates increased following strong quarter; credit metrics remain very strong today	Moody's Investors Service
14 Dec 2018	Peer Snapshot	Air Products and Chemicals, Inc. - September 2018 (LTM): Peer Snapshot	Moody's Investors Service
16 Oct 2018	Credit Opinion	Air Products and Chemicals, Inc.: Credit Opinion ahead of fiscal year 2018 results	Moody's Investors Service
09 Oct 2018	Peer Snapshot	Air Products and Chemicals, Inc. - June 2018 (LTM): Peer Snapshot	Moody's Investors Service
14 Aug 2018	Issuer Comment	Air Products and Chemicals, Inc.: Air Products’ proposed joint venture with Saudi Aramco is within capital deployment goals	Moody's Investors Service
24 May 2018	Peer Snapshot	Air Products and Chemicals, Inc. - March 2018 (LTM): Peer Snapshot	Moody's Investors Service
29 Mar 2018	Issuer In-Depth	Air Products and Chemicals, Inc.: Frequently asked questions as capital deployment accelerates in 2018	Moody's Investors Service
06 Mar 2018	Peer Snapshot	Air Products and Chemicals, Inc. - December 2017 (LTM): Peer Snapshot	Moody's Investors Service
01 Dec 2017	Peer Snapshot	Air Products and Chemicals, Inc. - September 2017 (LTM): Peer Snapshot	Moody's Investors Service
27 Nov 2017	Credit Opinion	Air Products and Chemicals, Inc.: Updated opinion following strong FY2017	Moody's Investors Service
10 Nov 2017	Issuer Comment	Air Products and Chemicals, Inc.: Air Products’ investment in coal-to-syngas facility does not impact A2 rating	Moody's Investors Service
12 Sep 2017	Issuer Comment	Air Products and Chemicals, Inc.: New clean energy joint venture does not impact Air Products' A2 rating	Moody's Investors Service
22 Aug 2017	Peer Snapshot	Air Products and Chemicals, Inc. - June 2017 (LTM): Peer Snapshot	Moody's Investors Service
21 Jul 2017	Issuer In-Depth	Air Products and Chemicals, Inc.: Frequently asked questions as industrial gas sector continues to consolidate and ahead of quarterly earnings call	Moody's Investors Service
26 May 2017	Peer Snapshot	Air Products and Chemicals, Inc. - March 2017 (LTM): Peer Snapshot	Moody's Investors Service
24 Feb 2017	Peer Snapshot	Air Products and Chemicals, Inc. - December 2016 (LTM): Peer Snapshot	Moody's Investors Service
26 Jan 2017	Issuer Comment	Air Products and Chemicals, Inc.: Air Products’ Proposal For Yingde Is Credit Neutral; Longer-Term Risks Could Be Rising	Moody's Investors Service
15 Dec 2016	Credit Opinion	Air Products and Chemicals, Inc.: Updated Opinion Following Spin of Versum	Moody's Investors Service
09 Dec 2016	Peer Snapshot	Air Products and Chemicals, Inc. - Annual 2016: Peer Snapshot	Moody's Investors Service
22 Aug 2016	Peer Snapshot	Air Products and Chemicals, Inc.: Peer Snapshot	Moody's Investors Service
13 Jun 2016	Issuer In-Depth	Air Products and Chemicals, Inc.: Frequently Asked Questions About Air Products	Moody's Investors Service
24 May 2016	Rating Action	Moody's assigns A2 ratings to Air Products' new Euro notes	Moody's Investors Service
06 May 2016	Issuer Comment	Air Products and Chemicals, Inc.: Air Products’ A2 rating not impacted by sale and spin announcements; debt reduction necessary	Moody's Investors Service
11 Apr 2016	Issuer Comment	Air Products Boosts Return on Assets with Planned Exit of Non-Core Business	Moody's Investors Service
05 Apr 2016	Announcement	Moody's says Air Products' planned business exit is a modest credit positive	Moody's Investors Service
05 Apr 2016	Issuer Comment	Air Products and Chemicals, Inc.: Air Products’ exit of EFW Business is a modest credit positive	Moody's Investors Service
22 Feb 2016	Credit Opinion	Air Products and Chemicals: Update to Discussion of Key Credit Factors	Moody's Investors Service
18 Sep 2015	Rating Action	Moody's affirms Air Products' A2 rating following divestiture announcement; outlook remains stable	Moody's Investors Service
30 Jun 2015	Sector Comment	Peer Snapshot: Chemical Industry - Selected Industrial Gases Companies	Moody's Investors Service
07 Apr 2015	Sector Comment	Peer Snapshot: Chemical Industry - Selected Industrial Gases Companies	Moody's Investors Service
27 Feb 2015	Credit Opinion	Air Products and Chemicals, Inc.	Moody's Investors Service
03 Feb 2015	Rating Action	Moody's assigns an A2 rating to Air Product's new €300 million senior unsecured Eurobond	Moody's Investors Service
03 Nov 2014	Sector Comment	Peer Snapshot: Chemical Industry: Selected Industrial Gases Companies	Moody's Investors Service
28 Jul 2014	Rating Action	Moody's assigns A2 rating to Air Products' new 10 year notes	Moody's Investors Service
27 Sep 2013	Announcement	Moody's: CEO Transition is credit negative, but will not impact Air Products' rating or outlook	Moody's Investors Service
27 Sep 2013	Issuer Comment	CEO Transition is a negative credit event but will not impact Air Products' rating or outlook	Moody's Investors Service
31 Jul 2013	Rating Action	Moody's assigns A2 rating to Air Products' new 7 year notes	Moody's Investors Service

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