02 November 2010 01:18 [Source: ICIS news]
HOUSTON (ICIS)--Moody's Investors Service upgraded the outlook on of Dow Chemical debt to stable from negative because the company keeps beating earnings forecasts, the ratings firm said on Monday.
Furthermore, Dow's earnings have beaten expectations since it closed on the Rohm and Haas deal, Moody's said.
Longer term, Dow should benefit from low prices for natural gas and natural gas liquids (NGLs), Moody's said.
Such a deal would further bring down Dow's debts, Moody's said.
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