Moody's upgrades Arkema to Baa1, stable outlook
Rating Action: Moody's upgrades Arkema to Baa1, stable outlook. Global Credit Research- 13 Nov 2019. Frankfurt am Main, November 13, 2019-- Moody's Investors Service today upgraded to Baa1 from Baa2 the long-term issuer rating of Arkema and the senior unsecured regular bond rating as well as the senior unsecured medium-term note programme to Baa1 from Baa2.Arkema is engaged in the global chemical industry which is a processing industry based on the transformation in one or several stages of raw materials (oil derivatives, gas, minerals, natural products) into more or less complex chemical products, or into plastics obtained by polymerization. In addition, Co. manufactures a wide range of products for other major industries: construction, packaging, chemicals, automotive, electronics, food manufacturing, pharmaceuticals, etc. Co. operates in this industrial context with a business portfolio focused on three segments: High Performance Materials, Industrial Specialties, and Coating Solutions.
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