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Moody’s downgrades chemical industry credit outlook
4:15 PM MST | November 14, 2012 | Vincent Valk
Moody’s has downgraded its credit outlook for the chemical industry in North America, as well as Europe, the Middle East, and Africa (EMEA), the ratings service says. The outlook has been downgraded to negative from stable due to weak economic growth in the US, slowing growth in developing nations, and the recession in Europe, Moody’s says. “The outlook reflects Moody’s expectation that profitability in the industry will decline in the next 12 to 18 months,” the ratings service says. The outlook could be raised back to stable...
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