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Moody's: Huntsman loan rated B1
Moody's Investors Service said it assigned B1 ratings to Huntsman International LLC's $1.74 billion guaranteed senior secured credit facilities and affirmed its other ratings for Huntsman International LLC and the Caa2 rating of Huntsman International Holdings LLC's senior discount notes.
The outlook is stable.
Moody's said the ratings continue to reflect Huntsman International Holding's high leverage with debt to EBITDA of 5.6 times, the company's modest operating margins and its weak credit metrics. The ratings also reflect raw material and energy price volatility and uncertainty over the degree to which margins will recovery in the company's businesses over then next 12 to 18 months.
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