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Momentive Specialty Chemicals Inc. Dec 10
Standard & Poors, December 2010
Global diversified producer of thermoset resins with varied product portfolio and geographic sales base Leading market shares in key products Highly leveraged financial profile with high debt levels and weak albeit improving earnings Earnings and cash flow are vulnerable to cyclical downturns in key end markets, such as construction, and to general economic slowdowns Vulnerability to input cost volatility for key commodity raw materials The ratings on Columbus-OH based Momentive Specialty Chemicals Inc. reflect a highly leveraged financial profile, despite recent improvements in debt leverage, an aggressive financial policy, and a weak business risk profile as a global manufacturer and marketer of thermoset resins. We are assessing credit quality on Momentive Specialty Chemicals Inc. and Momentive Performance Materials Inc. (MPM,...
Companies mentioned in this report are: Momentive Specialty Chemicals Inc.
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Research Type: Full Analysis
Momentive Specialty Chemicals Inc.