Research Update: PolyOne Corp. Rating Raised To 'BB-' From 'B+' On Improved Profitability; Outlook Stable
- Language: English
- Published: April 2011
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
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Research type: News
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