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People & Business :: Companies
Moody's Raises Dow Outlook
10:27 AM MDT | November 2, 2010 | Vincent Valk
Moody's Investors Service (New York), the ratings agency, has raised Dow Chemical's credit outlook to 'stable' from 'negative,' on account of the company's improved financial performance. Dow's credit rating remains 'Baa3', the lowest investment-grade rating. The 'stable' outlook means a downgrade is unlikely. The outlook upgrade "reflects the company's stronger than anticipated earnings performance since its acquisition of Rohm and Haas in 2009," Moody's says. Last week, Dow announced that third-quarter income was up 97% year-on-year, to $705 million...
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