S&P: Chemical Company Credit on Solid Ground Despite Risks

Credit ratings agency Standard & Poor’s (S&P; New York) says that North American chemical company credit ratings are on solid ground due to good pricing power, high operating margins, strong cash balances and debt refinancing. The stable outlook comes despite economic instability, with a recession likely in Europe, low growth in North American and decelerating growth in emerging markets. These economic risks could impact credit if they worsen. Currently, of the 71 chemical companies in S&P’s coverage universe, 60 have “stable”...

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