S&P ups Albemarle

Standard & Poor's said that it raised the ratings on Albemarle Corp., including the corporate credit rating, to BBB+ from BBB.

The outlook is stable.

The ratings on Albemarle reflect its solid competitive positions in its polymer solutions, catalysts and fine chemicals business segments as well as the company's attractive operating margins, meaningful internal funds generation and track record of prudent financial policies, the agency said.

The company's exposure to cyclical end markets and vulnerability to raw material costs temper the strengths, the agency added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.