S&P: Celanese to positive

Standard & Poor's said it revised the outlook on Celanese US Holdings LLC to positive from stable.

The agency also said it affirmed the company's BB corporate credit rating.

S&P said it is maintaining the 1 recovery rating for the senior secured debt obligations, indicating 90% to 100% expected recovery in a default.

The 5 recovery rating also was maintained, indicating 10% to 30% expected recovery in a default.

The outlook revision reflects the good operating performance at Celanese, the agency said.

The ratings reflect the company's business risk profile as satisfactory, partially offset by a financial risk profile viewed as significant, S&P said.

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