Moody’s raises Dow credit rating

Credit ratings service Moody’s Investors Service (New York) has raised Dow Chemical’s corporate rating to ‘Baa2,’ from ‘Baa3,’ due to “the meaningful decrease in leverage since the Rohm and Haas acquisition in 2009.” Dow’s strong position in the feedstock-advantaged US also bolsters its financial profile, Moody’s says.   While Moody’s expects the economy to be weak in 2013, the service “believes that management's latest restructuring efforts should minimize the negative impact of...

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