Thursday, March 17, 2011

S&P Upgrades PVB Maker Solutia Inc.

The credit rating of Solutia Inc. has been upgraded recently by Standard & Poor's. It has been increased from BB- to BB. This points to a more stable outlook for the maker of Saflex polyvinyl butyral (PVB) technology. Furthermore, the company's senior secured credit rating went to BB+ from BB- and its senior unsecured notes due 2017 and 2020 were upgraded from a BB- to a B+.

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