SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : LyondellBasell Industries NV (LYB)
LYB 46.72-1.9%3:59 PM EDT
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Savant4/12/2013 2:00:23 AM
   of 98
 
S&P Raises Ratings on LyondellBasell, Cites Cash Flow Generation Last Update: 3/27/2013 1:51:22 PM By Debbie Cai Standard & Poor's Ratings Services has upgraded its ratings on LyondellBasell Industries NV (LYB) by one notch, citing the chemical company's continual generation of substantial discretionary cash flow and operating improvements since it exited bankruptcy three years ago. S&P raised LyondellBasell's corporate credit rating to triple-B, two steps into investment territory, from triple-B-minus. The company's outlook is stable, the ratings firm said. S&P expects LyondellBasell to continue benefiting from structural cost advantages for the next several years, as well as to stay disciplined in its capital investments and maintain an intermediate financial risk profile, with strong liquidity. LyondellBasell operates in a cyclical industry, S&P said. Although earnings and cash flow should remain strong for the next several years, thereafter, earnings and cash flow could suffer if supply growth exceeds demand growth. Two weeks ago, the company said it plans more restructuring of its European business while converting a U.S. refinery to handle more crude oil from North America rather than Venezuela. Cheap feedstock from oil and shale-gas fields in the U.S. has given domestically produced chemicals a competitive advantage in the global marketplace and led producers to scale back European operations where raw materials remain more expensive. Shares slipped 38 cents to $63.08 in recent trading. The stock is up 46% over the past 12 months.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News