U.S. Markets open in 1 hr 35 mins

Arkema -- Moody's changes Arkema's outlook to positive; affirms Baa2 rating

Moody's Investors Service today changed Arkema's rating outlook to positive from stable and affirmed its Baa2 long-term issuer rating. The changed business mix should make the company more resilient to better withstand demand volatility over time," said Martin Kohlhase, lead analyst for Arkema and a Moody's Vice President -- Senior Credit Officer. Mr. Kohlhase added: "We believe that Arkema continues with its so far prudent execution of bolt-on and mid-sized acquisitions in order to reach its goal to become a EUR10 billion company with a close to 17% EBITDA margin by 2020 whilst moving leverage levels to towards 2.0x debt/EBITDA.