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Research Update: MacDermid Inc. Upgraded To 'B' On Better Financials; Outlook Positive On Expectations For Continued Strength Sep 11 Product Image

Research Update: MacDermid Inc. Upgraded To 'B' On Better Financials; Outlook Positive On Expectations For Continued Strength Sep 11

  • ID: 2046728
  • September 2011
  • Standard & Poors

Abstract
Favorable operating trends at U.S. specialty chemical company MacDermid Inc. continue to support improved financial measures. We are raising our corporate credit rating on MacDermid Inc. to 'B' from 'B-'. The positive outlook reflects our expectation that steady demand and modest margin increases could result in further gradual financial improvements over the next 12 months. On Sept. 14, 2011, Standard & Poor's Ratings Services raised its corporate credit rating on Denver-based MacDermid Inc. to 'B' from 'B-'. We removed the rating from CreditWatch, where we had placed it with positive implications on March 31, 2011. The outlook is positive. At the same time, we raised the issue-level rating on MacDermid's senior secured debt to 'BB-' (two notches above the 'B'...

Companies mentioned in this report are:
- MacDermid Inc.

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.

Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.

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MacDermid Inc.

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