S&P turns Gemini HDPE view to stable

S&P said it changed Gemini HDPE LLC’s outlook to stable from negative and affirmed the BB- rating on its loan.

Gemini is indirectly owned by Ineos Group Holdings SA. Ineos also guarantees the tolling obligation of Gemini. The agency recently affirmed its BB issuer rating and changed its outlook to stable from negative.

The change in Gemini’s outlook reflects the change in Ineos’ outlook, S&P said.

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