Fitch rates Dow notes BBB+

Fitch Ratings said it assigned a BBB+ rating to Dow Chemical Co.’s new issuance of euro-denominated senior unsecured notes. Dow intends to use proceeds to repay debt. The outlook is stable.

Dow benefits from its significant scale and diversification, relatively high margins, consistently strong cash flow generation and low-cost position. Fitch said it believes total debt/EBITDA will be at or below 2x in 2020 and thereafter.

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