Moody’s rates Ecovyst B1

Moody's Ratings said it has assigned a B1 corporate family rating, B1-PD probability of default rating and stable outlook to Ecovyst Catalyst Technologies LLC, reflecting the company's prior asset sales with Ecovyst being the surviving entity.

Moody's also affirmed the B1 rating on the senior secured first-lien term loan B.

The agency also assigned an SGL-2 speculative grade liquidity rating to Ecovyst.

“Ecovyst's credit profile is supported by its leading market positions in the regenerated and virgin sulfuric acid production in North America which enjoy good revenue and earning visibility because of the long-term customers commitment and cost pass-through mechanisms in the majority of its contracts,” the agency said in a news release.

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