The ratings on Koch Industries LLC (KILLC), the primary subsidiary of Koch Industries Inc. (Koch), one of the largest, privately held companies in the U.S., reflect superior credit strength that rests on the company's strong business position as a diversified concern with interests in energy, chemicals, minerals, real estate, and financial services. The ratings are based on Koch's excellent profitability measures and very conservative financial policies. Koch's diverse operations enable it to maintain very strong financial performance, smoothing the volatility of individual segments over time. The oil-refining operations, housed in KILLC's Flint Hills Resources LLC subsidiary, account for a large portion of total revenues and are dependent on volatile market conditions. This segment's results typically exceed industry norms because of...
Companies mentioned in this report are: Koch Resources LLC,Koch Industries Inc.,Flint Hills Resources LLC
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