S&P gives Styron B+, loan BB-

Standard & Poor's said it assigned its B+ corporate credit rating to Styron.

The outlook is stable.

At the same time, the agency said it assigned its BB- issue rating and 2 recovery rating to the company's proposed first-lien debt, consisting of a $240 million revolving credit facility and a $675 million first-lien term loan.

S&P said it also assigned a B- issue rating and six recovery rating to the company's proposed $125 million second-lien debt.

"The ratings reflect Styron's aggressive financial profile and weak business profile, as a leading but commodity-oriented producer of petrochemical products," said S&P credit analyst Paul Kurias.

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