S&P lowers Rhodia

Standard & Poor's said it lowered to BB- from BB the long-term corporate credit rating on Rhodia SA affirmed the B short-term credit rating.

The outlook is stable.

"The rating action reflects our opinion that key cash flow metrics and free cash flow generation will be under pressure in 2009 and 2010 at least, given weaker demand tied notably to the automotive end market," S&P analyst Lucas Sévenin said in a statement.

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