Moody's upgrades Olin

Moody's Investors Service said it upgraded Olin Corp.'s corporate family rating and the ratings on its senior unsecured debt to Ba1 from Ba2. The speculative grade liquidity rating remains unchanged at SGL-1.

“These actions follow the substantial improvement in financial performance in 2021, along with balance sheet debt reduction of $1.1 billion, and the expectation for continue strong financial performance over the next couple of years,” the agency said in a press release.

The outlook is stable.

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