Moody’s applies Ba1 to Olin notes

Moody's Investors Service said it affirmed all ratings for Olin Corp., including the Ba1 corporate family rating, and assigned Ba1 ratings to the company's $500 million unsecured notes.

Proceeds will be used to refinance existing debt.

The outlook is stable.

"We expect that 2017 will be a pivotal year for Olin following an evident turn in the chlor-alkali industry in early 2016 and anticipated regulatory-driven capacity closures in Europe in 2017," Ben Nelson, Moody's vice president and lead analyst for Olin, said in a news release.

"We expect meaningful year-over-year increases in each quarter in 2017."

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