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S&P: Olin on positive watch
Standard & Poor's said it placed its ratings on Olin Corp., including the BB- corporate credit rating, on Creditwatch with positive implications.
"The Creditwatch listing reflects Olin's improved operating performance following a rebound in demand and strong pricing," said S&P credit analyst Ket Gondha.
The positive implication on the Creditwatch indicates the potential for an upgrade, subject to a review of Olin's improved operating prospects, liquidity, business strategy and financial policies, the agency noted.
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