17 March 2010 18:26 [Source: ICIS news]
TORONTO (ICIS news)--Moody’s has upgraded its ratings for US specialty chemicals producer and distributor Ashland because of prospects for a continued economic recovery and improvement in the company’s end markets, it said on Wednesday.
Ashland has also benefited from cost cutting initiatives, strong margins in certain businesses and its ability to raise prices to offset raw material price increases despite a difficult demand environment, the credit ratings agency said.
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“While volumes have not improved in all of
Moody’s lifted its corporate family rating for
($1 = €0.73)
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