Moody’s alters Solvay view to stable

Moody’s Investors Service said it revised the outlook for Solvay SA, Solvay Finance, Solvay Finance (America) LLC and Cytec Industries, Inc. to stable from negative.

“The outlook is stable and reflects Moody's expectation that Solvay will exhibit a financial profile commensurate with a Baa2 with debt/EBITDA in the 2.5x-3x range, EBITDA margins in the high teens (%) and RCF/net debt in the low 20s (%),” the agency said in a press release.

Concurrently, Moody’s affirmed the Baa2 senior unsecured ratings and Ba1 preferred stock notes rating.

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