Moody's upgrades Olin's rating to Ba1; outlook stable
Moody's Investors Service ("Moody's") upgraded Olin Corporation's ("Olin") Corporate Family Rating ("CFR") and the ratings on its senior unsecured debt to Ba1 from Ba2. These actions follow the substantial improvement in financial performance in 2021, along with balance sheet debt reduction of $1.1 ...Olin is a manufacturer and distributor of chemical products and a manufacturer of ammunition. The company's Chlor Alkali Products and Vinyls segment manufactures and sells, among others chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, and perchloroethylene. The Epoxy segment produces and sells a range of epoxy materials, including allyl chloride, epichlorohydrin, liquid epoxy resins, solid epoxy resins and downstream products. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.
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