S&P affirms Huntsman

S&P said it affirmed the BB+ ratings for Huntsman Corp. and its subsidiary Huntsman International LLC on the proposed sale of the company’s chemical intermediates and surfactants businesses.

Huntsman is selling the businesses for $2 billion to Indorama Ventures.

The outlook remains stable.

“The ratings and stable outlook reflect our current expectations that credit measures will continue to be in a range appropriate for the BB+ rating pro forma for the divestiture,” said S&P in a press release.

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