Moody's alters Solvay view to negative

Moody's Investors Service said it changed to negative from stable and affirmed the Baa2 senior unsecured ratings issued by Solvay SA (Solvay) and its guaranteed subsidiaries Solvay Finance (America), LLC. and Cytec Industries Inc. In addition, Moody's affirmed the Ba1 ratings preferred stock notes issued by Solvay and Solvay Finance.

“The change of the outlook to negative reflects Moody's expectation that the company's leverage will remain above our expectations for the next 18 months,” the agency said in a press release.

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