Celanese Corporation Announces Ratings Upgrade from Moody’s

01.04.08 - 17:43 ... source : Celanese

... DALLAS, April 1, 2008 – Celanese Corporation (NYSE:CE), a global, integrated chemical company, announced that Moody's Investors Service raised the corporate family rating of Crystal US Holdings 3 LLC, a subsidiary of Celanese Corporation, from ‘Ba3' to ‘Ba2' with a positive outlook. In upgrading the company's ratings, Moody's cited strong operating performance in 2007, growth in Asia, strong pricing and demand in its Acetyl Intermediates businesses, better product mix and cost improvements in Industrial Specialties, improving credit metrics and a large cash balance. As a global leader in the chemicals industry, Celanese Corporation makes products essential to everyday living. Our products, found in consumer and industrial applications, are manufactured in North America, Europe and Asia. Net sales total ...» Next (HTML)