Moody's stabilizes Olin outlook

Moody's Investors Service said it affirmed Olin Corp.'s ratings, including the Ba2 corporate family rating and revised the outlook to stable from negative on strengthening cash flow and meaningful debt reduction expected in 2021. Moody's also upgraded the speculative grade liquidity rating to SGL-1 from SGL-2.

"Olin expects to deploy most of its free cash flow toward debt reduction in 2021," said Ben Nelson, a Moody's vice president, senior credit officer and lead analyst for Olin, in a press release.

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