Moody's reviews Reichhold

Moody's Investors Service said it put under review for downgrade Reichhold Industries, Inc.'s B1 corporate family rating and B2 rating on its $195 million senior unsecured notes due 2014.

The action follows a period of declining quarterly operating results for the first nine months of 2008, severe declines in volume being faced by many commodities chemical companies in the fourth quarter and concerns over the outlook for the business, according to the agency.

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