Moody’s changes Kraton view

Moody's Investors Service said it changed Kraton Corp.'s outlook to positive from stable.

At the same time, Moody's affirmed Kraton's B1 corporate family rating, Ba3 rating on its senior secured term loans, B3 rating on its senior unsecured notes, probability of default rating of B1-PD and speculative grade liquidity rating of SGL-2.

“Kraton's positive outlook reflects its strong position in the B1 rating, as the company has improved its earnings and reduced debt since its acquisition of Arizona Chemical in 2016,” Jiming Zou, Moody's vice president and lead analyst for Kraton, said in a news release.

“The chance of a rating upgrade will increase, if the company continues to reduce debt, improve operational reliability and business resilience against demand and feedstock volatility.”

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