| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Huntsman Corp. > News item |
S&P rates Huntsman notes B+
Standard & Poor’s said it assigned a B+ rating and 6 recovery rating to Huntsman International LLC’s proposed offering of $400 million of senior unsecured notes due 2022.
The 6 recovery rating indicates 0 to 10% expected default recovery.
The proceeds will be used to redeem a portion of its subordinated debt and to pay associated accrued interest and for general corporate purposes.
All of the existing ratings on Huntsman International and its parent, Huntsman Corp., including the BB corporate credit rating, are unchanged.
The outlook is stable.
The ratings reflect Huntsman’s fair business risk profile and significant financial risk profile, S&P said.
© 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.