S&P: Dow Outlook Changed to 'Stable'

Standard and Poor's (S&P; New York) upgraded Dow Chemical's ratings outlook to 'stable' from 'negative,' the agency announced today. The move comes after Dow recorded profits and volume recovery in the fourth-quarter of 2009. S&P also cited Dow's repaying the Rohm and Haas bridge loan, $3.4 billion in asset sales, and cost reductions as reasons for the upgrade. The company's debt is still rated BBB-.  "These actions follow Dow's fourth-quarter earnings report, which supports continued strengthening of key credit metrics, and recognize Dow's...

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