ALBEMARLE (ALB) wurde am 23. April von S&P abgewertet auf BBB- .... ... am Kliff zum Ramschniveau. 
"The downgrade follows a significant downward revision in our macroeconomic expectations for 2020 because of the coronavirus pandemic.
We now expect U.S. and eurozone 2020 GDP to decline by 5.2% and 7.3%, respectively, and Asia-Pacific (APAC) GDP to increase by a mere 0.3%.
If the virus is not contained, the macroeconomic impact could be much more severe than we're factoring in our 2020 assumptions.
We expect the automotive market will be particularly hard hit, and project global sales will decline by about 15% in 2020 to less than 80 million units.
Additionally, we believe the material drop in oil prices (we expect WTI prices of $25 per barrel in 2020) will significantly impact the company's catalyst business, which primarily serves the refining end market. This recession follows a period when debt levels were elevated following the 2019 acquisition of the 60% stake in Mineral Resources Ltd.'s Wodgina hard rock lithium mine in Western Australia."
(S&P site)
Es geht also gar nicht so sehr um das größere Lithium Geschäft (38% revenue) sondern um den Catalyst Anteil (30% revenue).
"The downgrade follows a significant downward revision in our macroeconomic expectations for 2020 because of the coronavirus pandemic.
We now expect U.S. and eurozone 2020 GDP to decline by 5.2% and 7.3%, respectively, and Asia-Pacific (APAC) GDP to increase by a mere 0.3%.
If the virus is not contained, the macroeconomic impact could be much more severe than we're factoring in our 2020 assumptions.
We expect the automotive market will be particularly hard hit, and project global sales will decline by about 15% in 2020 to less than 80 million units.
Additionally, we believe the material drop in oil prices (we expect WTI prices of $25 per barrel in 2020) will significantly impact the company's catalyst business, which primarily serves the refining end market. This recession follows a period when debt levels were elevated following the 2019 acquisition of the 60% stake in Mineral Resources Ltd.'s Wodgina hard rock lithium mine in Western Australia."
(S&P site)
Es geht also gar nicht so sehr um das größere Lithium Geschäft (38% revenue) sondern um den Catalyst Anteil (30% revenue).
