| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers O > Headlines for Olin Corp. > News item |
S&P raises Olin
S&P said it raised Olin Corp.’s ratings a notch, including its senior unsecured rating to BB from BB-.
“The rating action follows our updated forecast in which we expect a significant improvement in 2021 EBITDA. Olin pre-announced 2021 first-quarter EBITDA will be in the $475 million to $500 million range, which is up significantly from both first-quarter 2020 levels (around $125 million) and sequentially from fourth-quarter 2020 levels (around $250 million),” S&P said in a press release.
With an improved EBITDA and Olin’s stated financial policies, the agency said it expects a material decrease in debt.
The outlook is stable.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.