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Moody’s reviews Albemarle for trim
Moody’s Investors Service said it placed the Baa2 senior unsecured ratings of Albemarle Corp. on review for downgrade. The backed senior unsecured ratings for Albemarle New Holdings GmbH and Albemarle Wodgina Pty Ltd. are also under review for downgrade. The outlook on all ratings has been changed to ratings under review from stable.
“Moody’s placed Albemarle’s ratings on review for downgrade due to the company’s already stressed metrics and to reflect the uncertainty in many of the company’s end markets caused by the impact from the coronavirus,” said Joseph Princiotta, a Moody’s senior vice president and lead analyst for Albemarle, in a press release.
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