S&P affirms Westlake Chemical

Standard & Poor's said it affirmed all its ratings, including its BBB- corporate credit rating, on Westlake Chemical Corp.

At the same time, the agency said it removed all the ratings from CreditWatch, where they had been placed with negative implications on Jan. 17. The outlook is stable.

"Our rating actions on Westlake Chemical Corp. follow its withdrawal of an unsolicited offer to acquire lower rated Georgia Gulf Corp.," said S&P credit analyst Paul Kurias in a news release.

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