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Albemarle Corp. Upgraded To 'BBB+' On Sustained Improvement In Operations And Credit Measures; Outlook Stable May 11
Standard & Poors, May 2011
Abstract
Operating performance and credit measures at U.S.-based chemicals firm Albemarle Corp. have improved in recent quarters. We are raising our ratings, including the corporate credit rating, to 'BBB+' from 'BBB'. The stable outlook reflects our expectations that the company will maintain financial policies and credit metrics that are consistent with the rating. NEW YORK (Standard & Poor's) May 25, 2011--Standard & Poor's Ratings Services said today that it raised its ratings on Albemarle Corp., including the corporate credit rating, to 'BBB+' from 'BBB'. The outlook is stable. The ratings on specialty chemicals producer Albemarle reflect its solid competitive positions in its polymer solutions, catalysts, and fine chemicals business segments. The ratings also reflect the company's attractive operating margins, meaningful internal...
Companies mentioned in this report are: Albemarle Corp.
Action: Outlook: Stable
Action: Upgraded
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.
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