Moody's: Rhodia view to stable

Moody's Investors Service said it changed the outlook on Rhodia SA's corporate family rating to stable from negative. All of its ratings remain unaffected.

The stable outlook reflects the strong improvement of Rhodia's credit and liquidity profile.

The recovery was driven by improved capacity utilization, continued deflationary raw material price environment and a sustained strong pricing power, Moody's said.

The agency said it expects the company to be able to further improve its credit profile over the next two to three quarters, supported by sustained demand levels in the first half of 2010.

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