Moody's rates Huntsman loan Ba1

Moody's Investors Service said it assigned a Ba1 rating to the incremental $100 million term loan B due 2017 of Huntsman International LLC.

Proceeds will be used for general corporate purposes.

Huntsman International's secured term loan facility was previously expanded by $225 million in March 2013. The issuer is a subsidiary of Huntsman Corp.

The outlooks for Huntsman and Huntsman International are positive.

"Although financial performance weakened in the first quarter of 2013, we have maintained the positive outlook based upon the assumption that Huntsman's performance will recover in the second half of 2013," Moody's analyst John Rogers said in a news release.

"Second quarter numbers demonstrated a more normal seasonal improvement and went a long way to closing the gap with prior year results."

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