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Moody’s: Chemical Industry Set for Modest Growth; Europe a Risk
11:57 AM MST | February 2, 2012 | Vincent Valk
Moody’s Investors Service (New York) says that the global chemical industry will experience a “modestly better year in 2012,” largely due to lower raw materials prices, according to a new report. The biggest threat to the industry’s growth is the risk of a recession in Europe, which poses a particular threat to regional commodity chemical producers, Moody’s says. “From a credit perspective, we expect a reasonably good year for chemicals companies overall,” says Moody’s senior v.p. John Rogers...
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