S&P rates Huntsman notes BB-

Standard & Poor's said it assigned its BB- rating and 5 recovery rating to Huntsman International LLC's proposed offering of $300 million of senior unsecured notes due 2020.

The 5 recovery rating indicates an expectation of modest recovery in the event of a payment default.

"The ratings reflect Salt Lake City-based Huntsman's 'satisfactory' business risk profile and 'aggressive' financial risk profile," said S&P credit analyst Cynthia Werneth in a news release.

The outlook is stable.

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