Celanese Corporation (NYSE: CE), a global chemical and specialty
materials company, announced that S&P Global Ratings has raised its debt
rating for Celanese US Holdings LLC (Celanese) to BBB from BBB-,
assigning a stable outlook.
In the rationale for the upgrade, S&P Global stated, “The upgrade
reflects a considerable improvement in the company's 2018 operating
performance over 2017 levels, and our expectation that cash flow
realization will stay high throughout 2019 and 2020.”
S&P Global continued, “The stable outlook reflects our expectation that
[Celanese’s] 2018 improvement in operating performance and credit
metrics is sustainable.”
The full report is available to subscribers here: https://www.standardandpoors.com/en_US/web/guest/article/-/view/type/HTML/id/2196261
About Celanese
Celanese Corporation is a global technology leader in the production
of differentiated chemistry solutions and specialty materials used in
most major industries and consumer applications. Our businesses use the
full breadth of Celanese's global chemistry, technology and commercial
expertise to create value for our customers, employees, shareholders and
the corporation. As we partner with our customers to solve their most
critical business needs, we strive to make a positive impact on our
communities and the world through The Celanese Foundation. Based in
Dallas, Celanese employs approximately 7,700 employees
worldwide and had 2018 net sales of $7.2 billion. For more information
about Celanese Corporation and its product offerings, visit www.celanese.com or
our blog at www.celaneseblog.com.
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