Celanese Corporation announced that Standard & Poor's Rating Services raised the corporate credit rating on Celanese US Holdings LLC, a subsidiary of Celanese Corporation, from 'BB-' to 'BB' with a positive outlook.
In upgrading the company's ratings, Standard & Poor's cited expected higher earnings, continued favorable industry prospects and strong cash generation. The global credit rating agency also raised the company's senior secured bank loan rating from 'BB' to 'BB+' and affirmed its '2' recovery rating.
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.
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