- Language: English
- 88 Pages
- Published: January 2011
- Region: Uganda
Credit FAQ: Why Standard & Poor's Raised Its Corporate Credit Rating On Hexion Specialty Chemicals Inc. Feb 10
- Published: February 2010
- Standard & Poors
On Feb. 3, 2010, Standard & Poor's Ratings Services raised its ratings on Hexion Specialty Chemicals Inc., including its corporate credit rating to 'B-' from 'CCC+', and removed the ratings from CreditWatch. The outlook is stable. Earlier, on Jan. 14, 2010, we placed our 'CCC+' corporate credit rating on Hexion on CreditWatch with positive implications following the company's announcement of its proposed financing. Hexion is a global manufacturer and marketer of thermoset resins. The upgrade to 'B-' follows the successful completion of the company's $2.1 billion financing, including: $200 million in revolving loan commitments effective in 2011, when the current $225 million revolving credit facility matures. $951 million in an extended first-lien senior secured term loan. The company extended the...
Companies mentioned in this report are: Momentive Specialty Chemicals Inc.
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: Commentary
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Momentive Specialty Chemicals Inc.
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