IHS Chemical Week

People & Business :: M&A

Ratings Agencies Diverge on Impact of Ashland-ISP Deal

10:40 AM MDT | August 26, 2011 | Vincent Valk

Credit rating agencies Moody's (New York) and Standard & Poor's (S&P; New York) took divergent actions in response to Ashland's acquisition of International Specialty Products (ISP), which closed earlier this week. Moody's reaffirmed Ashland's existing 'Ba1' rating, while S&P downgraded Ashland one notch, to 'BB' from 'BB+'. S&P's rating is now one notch lower than Moody's comparable rating.   The $3.2 billion deal is being funded with a combination of cash and debt. The debt consists of two separate term loans, one worth $1.5 billion and the...

This information is only available to Chemical Week subscribers.


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

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa