Sumitomo and Mitsui’s Rating Outlook Lowered to Negative

Moody’s says it has changed the outlook of the unsecured debt rating and issuer rating of Sumitomo Chemical from stable to negative and has also lowered the outlook of Mitsui Chemicals’ unsecured long-term debt rating to negative from stable. “This rating action is based on Moody’s view that Sumitomo Chemical’s operating performance is likely to stay under pressure, given the state of the market, which includes unsteady naphtha prices and sharp drops in demand, specifically for basic chemicals, petrochemicals and IT-related chemicals...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers