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S&P puts Gemini HDPE on watch
S&P said it placed its BB issue-level rating on Gemini HDPE LLC on CreditWatch with negative implications to reflect the rating on Ineos Group Holdings SA, parent of revenue counterparty Ineos Gemini HDPE Holding Co. LLC.
“We inadvertently did not place the rating on Gemini on CreditWatch when we placed our ratings on Ineos on CreditWatch with negative implications July 1, 2020,” S&P said in a press release.
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