Moody's changes Cabot outlook to stable

Moody's Investors Service said it changed Cabot Corp.'s outlook to stable from negative.

"The stable outlook reflects the demand recovery in the carbon black industry from last year's trough, a significant improvement in Cabot's recent earnings and its adequate credit metrics through business cycles for the Baa2 rating," said Jiming Zou, a Moody's senior analyst, in a press release.

At the same time, Moody's affirmed the company's Baa2 senior unsecured rating.

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