S&P affirms PTT Chemical

Standard & Poor's said it affirmed the BBB long-term corporate credit rating on PTT Chemical Public Co. Ltd. and BBB rating on its $300 million senior unsecured notes due 2015.

The outlook is negative.

PTT Chemical's satisfactory business risk profile considers its favorable cost efficiency, dominant market position in olefins in Thailand and significant business integration with its parent PTT Public Co. Ltd. (BBB+/negative), according to the agency.

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