Moody’s reviews Tronox, Kronos, Chemours

Moody's Investors Service said it placed the ratings of three titanium dioxide producers – Tronox Ltd. (B2 corporate family rating), Kronos Worldwide, Inc. (Ba3 corporate family rating) and Chemours Co., (Ba3 corporate family rating) – on review for downgrade.

The agency affirmed the speculative grade liquidity ratings of the three producers at this time.

"The review for downgrade reflects the ongoing weakness in TiO2 markets and resulting stressed metrics for each of the TiO2 producers," Joseph Princiotta, Moody’s vice president, senior analyst and lead analyst for the TiO2 producers, said in a news release.

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