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S&P elevates Arkema
S&P said it raised to BBB+ from BBB its long-term issuer credit rating on Arkema SA. The outlook is stable.
S&P also affirmed the A-2 short-term rating on the company.
At the same time, the agency raised to BBB+ from BBB the issue ratings on Arkema's senior unsecured bonds and raised to BBB- from BB+ the issue ratings on its junior subordinated hybrid.
“The upgrade reflects Arkema's continued very strong operating performance, despite the current inflationary raw materials price environment,” S&P said in a news release.
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