Moody's: Albemarle view positive

Moody's Investors Service said it moved the outlook on Albemarle Corp.'s ratings to positive from stable and affirmed its Baa2 senior unsecured ratings.

The change in outlook reflects the improvement in the company's performance and expectations for continued growth in earnings over the next 12 to 18 months.

Albemarle has demonstrated significant improvement in operating performance as sales volumes have improved with the global economic recovery during the past year, Moody's said.

The ratings are supported by Albemarle's strong market positions in its key markets, geographic diversity and elevated operating margins, the agency said.

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