Chemical Week Magazine :: Newsbriefs
S&P Downgrades Outlook for Ineos
2:11 PM MDT | June 23, 2008 | Chemical Week Editorial Staff
Standard & Poor’s (S&P) has revised its outlook for Ineos from “stable” to “negative.” The revision “reflects increased risks and profit pressures, given less favorable chemical cycles in many segments, high feedstock and energy prices, a potentially insufficiently deleveraged balance sheet, and tight covenant leeway and liquidity in 2009,” says S&P credit analyst Lucas Sevenin. S&P expects Ineos to generate weaker profit and cash flow, particularly next year, “as petrochemical down-cycle pressures...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee