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Moody's Raises Outlook for Chemical Industry

7:56 AM MST | March 9, 2010 |

Deepti Ramesh

Moody’s Investors Service says it has changed the industry sector outlook for the North American and European chemical industry from negative to stable, as the fundamental credit conditions for the chemical industry in these regions will be generally stable over the next 12-18 months.   The stable industry sector outlook reflects a broad improvement in industrial demand across the U.S. and in Europe since early 2009, and chemical buyers are proving more open to price increases now than they were a year ago, Moody’s says.   A strong export...

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