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Calumet Specialty Products Partners Outlook Revised To Stable From Negative
Standard & Poors, Dec 2009
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
Calumet Specialty Products' liquidity has improved liquidity following the issuance of 3 million common units. Specialty product margins have outperformed fuel margins, supporting cash flows. We expect industry conditions to remain weak in 2010. We have affirmed the 'B' corporate credit rating on Calumet. We revised the outlook to stable from negative based on our view that the company will be able to maintain adequate liquidity. NEW YORK (Standard & Poor's) Dec. 14, 2009--Standard & Poor's Ratings Services today affirmed its 'B' corporate credit rating on Calumet Specialty Products Partners L.P. and revised the outlook to stable from negative. The rating action follows Calumet's success in pricing an offering of 3 million common units for proceeds of about $52 million....
Companies mentioned in this report are: Calumet Specialty Products Partners L.P.
Action: Outlook: Stable
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