S&P rates Huntsman notes B-

Standard & Poor's said it assigned a B- issue rating and 6 recovery rating to Huntsman International LLC's $180 million senior subordinated notes due 2021.

The outlook is stable.

Proceeds from the $180 million notes will be used to pay down existing senior subordinated notes due 2014.

The ratings consider the company's announced increase of revolving credit facility commitments and indicate S&P's expectations of negligible recovery (0%-10%) in the event of a payment default, the agency said.

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