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Moody's upgrades chemicals outlook on stabilization in Europe

3:12 PM MDT | September 12, 2013 | Vincent Valk

Moody’s Investors Service (New York), the credit ratings service, has upgraded its credit outlook for chemical companies in North America and Europe due to what it calls “improvements” in the European economy. Growth in North America and China, meanwhile, is expected to be stable while North America benefits from low natural gas prices and China experiences solid growth in chemicals demand. "Most European chemicals companies expect modest growth for the second half of this year as the risk of another economic downturn recedes," says...

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