S&P rates Taminco notes B-

Standard & Poor's said that it assigned its B- issue rating and 6 recovery rating to Taminco Global Chemical Corp. parent company Taminco Acquisition Corp.'s proposed $250 million unsecured notes due 2017.

The 6 recovery rating indicates an expectation for negligible recovery for creditors in the event of a payment default.

At the same time, the agency said it affirmed the existing ratings, including the B+ corporate credit rating, on the company. The outlook is stable.

"Standard & Poor's Ratings on Allentown Pa.-based Taminco Global Chemical Corp. reflect the company's aggressive financial risk profile, and its satisfactory business risk profile as a market leading producer of alkylamines and alkylamine derivates in a niche global market," said S&P credit analyst Paul Kurias in a news release.

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