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PolyOne Corp. Upgraded To 'B' From 'B-' On Improved Operating Performance; Outlook Positive Apr 10

  • ID: 2086042
  • April 2010
  • Standard & Poors
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Improving demand, cost efficiencies, and adequate liquidity have bolstered the earnings prospects and credit quality of U.S.-based specialty chemical company PolyOne. We are raising the corporate credit rating on PolyOne to 'B' from 'B-'. The positive outlook reflects our expectation that credit quality could continue to improve as the company sustains improved operating performance and maintains prudent financial policies. NEW YORK (Standard & Poor's) April 22, 2010--Standard & Poor's Ratings Services said today that it raised its ratings on Avon Lake, Ohio-based PolyOne Corp., including its corporate credit rating to 'B' from 'B-'. The outlook is positive. "The upgrade follows PolyOne's sustained improvement in operating performance and liquidity and reflects our expectation that management will maintain financial policies that support...

Companies mentioned in this report are: PolyOne Corp.
Action: Outlook: Positive
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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PolyOne Corp.

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