S&P revises Archroma view to negative

S&P said it revised the outlook for Archroma to negative from stable, but affirmed B ratings on the company and its term loan.

“We anticipate that Archroma’s earnings will be significantly affected by the drop in demand in some end-markets as a result of the coronavirus pandemic. This will be felt the most in the company’s textile business, which manufactures chemicals and dyes for the fashion and denim industries, as well as in its coatings, adhesives, and sealants business, which manufactures specialty emulsions for a variety of sectors including construction,” said S&P in a press release.

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