Chemtura Corp. http://www.alacrastore.com/company-snapshot/Chemtura_Corp-1004463 26 Nov 2009 08:08:05 EST 1004463 Chemtura Corp. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/newstex/BW-0001-39800970BW-0001-39800970newstex/BW-0001-39800970xmlNewstex Inc.2005Chemtura CorporationNewstex Inc.newstex.comnewstexBW-0001-39800970Business Wire0001Business WireBW1Newstex Inc.Business Wire0400000004018000040160000401601317 Nov 2009 05:18:55 EST180000001801500018022000190000001900300019002000190020111900200411/17/2009 Nov. ##, #### (Business Wire) -- Chemtura Corporation (Pink Sheets: CEMJQ) (Chemtura, the Company) will further grow its global antioxidant business with an additional expansion of its capacity at  Gulf Stabilizer Industries (GSI),...CHEMTURA CORPORATIONChemtura CorporationCEMJQNewsNewstexhttp://www.alacrastore.com/research/creditsights-Ethylene_Cash_Margins_Fade-9072590725cs/90725normArticleTemplatePricing power and margin expansion quickly faded with the familiar autumn hues in October, as a significant step-down in demand coupled with a rise in feedstock costs resulted in a severe compression in cash margins.abradywliakzo_nobelbasfbayerchemturadow_chemicalduponteastman_chemicalequistar_chemicalsgeorgia_gulfhexionineoslyondell_chemicalmethanexmillennium_chemicalsnalconova_chemicalolinppgrhodiasolvayakzo_nobelbasfbayerchemturadow_chemicalduponteastman_chemicalequistar_chemicalsgeorgia_gulfhexionineoslyondell_chemicalmethanexmillennium_chemicalsnalconova_chemicalolinppgrhodiasolvay9072502 Nov 2009 11:09:00 ESTYes90725150CreditSights Incbasic_industrieschemicalschemicalsbasic_industriesPublishedhigh_yieldhigh_yieldEthyleneEthylene1192 Ethylene: Cash Margins Fade Supply chain restocking ahead of hurricane fears, in conjunction with a robust derivative export market, allowed producers to gradually expand acquisition cash margins in #Q## to a #### high of #.##¢/lb in...abitibibowaterabitibibowaterabitibibowateragcoagcoagcoagriumagriumagriumair_liquideair_liquideair_liquideair_productsair_productsair_productsak_steelak_steelak_steelakzo_nobelakzo_nobelakzo_nobelalcanalcanalcanalcoaalcoaalcoaashlandashlandashlandaveciaaveciaaveciabasfbasfbasfbayerbayerbayercaraustar_industriescaraustar_industriescaraustar_industriescargillcargillcargillcelanese_agcelanese_agcelanese_agcenveocenveocenveochemturachemturachemturadomtardomtardomtardow_chemicaldow_chemicaldow_chemicaldupontdupontduponteastman_chemicaleastman_chemicaleastman_chemicalequistar_chemicalsequistar_chemicalsequistar_chemicalsfreeport_mcmoranfreeport_mcmoranfreeport_mcmorangeorgia_gulfgeorgia_gulfgeorgia_gulfgraphic_packaginggraphic_packaginggraphic_packaginghexionhexionhexionhuntsman_international_llchuntsman_international_llchuntsman_international_llcimperial_chemical_industriesimperial_chemical_industriesimperial_chemical_industriesineosineosineosinternational_paperinternational_paperinternational_paperlindelindelindelouisiana_pacificlouisiana_pacificlouisiana_pacificlyondell_chemicallyondell_chemicallyondell_chemicalmattelmattelmattelmeadwestvacomeadwestvacomeadwestvacomethanexmethanexmethanexmillea_holdingsmillea_holdingsmillea_holdingsmillennium_chemicalsmillennium_chemicalsmillennium_chemicalsmonsantomonsantomonsantomosaic_companymosaic_companymosaic_companynalconalconalconewmont_miningnewmont_miningnewmont_miningnova_chemicalnova_chemicalnova_chemicalnovelisnovelisnovelisnucornucornucorolinolinolinpackaging_of_americapackaging_of_americapackaging_of_americaphelps_dodgephelps_dodgephelps_dodgepolyonepolyonepolyonepotashpotashpotashppgppgppgpraxairpraxairpraxairrhodiarhodiarhodiarock_tennrock_tennrock_tennschering_agschering_agschering_agsealed_airsealed_airsealed_airsherwin_williamssherwin_williamssherwin_williamssmurfit_stonesmurfit_stonesmurfit_stonesolutiasolutiasolutiasolvaysolvaysolvaysyngentasyngentasyngentateck_comincoteck_comincoteck_comincotembectembectembectemple_inlandtemple_inlandtemple_inlandunion_carbideunion_carbideunion_carbideus_steelus_steelus_steelverso_paperverso_paperverso_paperweyerhaeuserweyerhaeuserweyerhaeuserxstrataxstrataxstrataCredit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/newstex/BW-0001-39264768BW-0001-39264768newstex/BW-0001-39264768xmlNewstex Inc.2005Chemtura CorporationNewstex Inc.newstex.comnewstexBW-0001-39264768Business Wire0001Business WireBW1Newstex Inc.Business Wire0400000004006000010000000102100004016000040160480401600104016018040160070200000002002000020020060200200429 Oct 2009 02:20:03 EST180000001800800018004000180200001800100019000000190010001900103110/29/2009 Oct. ##, #### (Business Wire) -- Chemtura Corporation, debtor-in-possession, (Pink Sheets: CEMJQ) (the “Company” or “Chemtura”) reported today that it has filed its Quarterly Report on Form ##-Q for the third quarter. This release...CHEMTURA CORPORATIONChemtura CorporationCEMJQNewsNewstexhttp://www.alacrastore.com/research/creditsights-Ethylene_Cash_Margin_Rebound_Sustainable-8942389423cs/89423normArticleTemplateWe believe the 4.93¢/lb rise in spot cash margins in September is an aberration to the industry norm and we continue to expect cash margins to bounce along trough levels.abradywliakzo_nobelbasfbayerchemturadow_chemicalduponteastman_chemicalgeorgia_gulfhexionhuntsman_international_llcimperial_chemical_industriesineoslyondell_chemicalmethanexnalconova_chemicalolinppgrhodiasolvayakzo_nobelbasfbayerchemturadow_chemicalduponteastman_chemicalgeorgia_gulfhexionhuntsman_international_llcimperial_chemical_industriesineoslyondell_chemicalmethanexnalconova_chemicalolinppgrhodiasolvay8942301 Oct 2009 11:09:00 ESTYes89423150CreditSights Incbasic_industrieschemicalschemicalsbasic_industriesPublishedEthyleneEthylene1168 Ethylene: Cash Margin Rebound Sustainable? In September, producers expanded spot cash margins to a #### record high of #.##¢/lb.   The improvement has been driven by short-term, unsustainable factors, which include producers building inventories...abitibibowaterabitibibowateragcoagcoagriumagriumair_liquideair_liquideair_productsair_productsak_steelak_steelakzo_nobelakzo_nobelalcanalcanalcoaalcoaashlandashlandaveciaaveciabasfbasfbayerbayercaraustar_industriescaraustar_industriescargillcargillcelanese_agcelanese_agcenveocenveochemturachemturadomtardomtardow_chemicaldow_chemicaldupontduponteastman_chemicaleastman_chemicalequistar_chemicalsequistar_chemicalsfreeport_mcmoranfreeport_mcmorangeorgia_gulfgeorgia_gulfgraphic_packaginggraphic_packaginghexionhexionhuntsman_international_llchuntsman_international_llcimperial_chemical_industriesimperial_chemical_industriesineosineosinternational_paperinternational_paperlindelindelouisiana_pacificlouisiana_pacificlyondell_chemicallyondell_chemicalmattelmattelmeadwestvacomeadwestvacomethanexmethanexmillea_holdingsmillea_holdingsmillennium_chemicalsmillennium_chemicalsmonsantomonsantomosaic_companymosaic_companynalconalconewmont_miningnewmont_miningnova_chemicalnova_chemicalnovelisnovelisnucornucorolinolinpackaging_of_americapackaging_of_americaphelps_dodgephelps_dodgepolyonepolyonepotashpotashppgppgpraxairpraxairrhodiarhodiarock_tennrock_tennschering_agschering_agsealed_airsealed_airsherwin_williamssherwin_williamssmurfit_stonesmurfit_stonesolutiasolutiasolvaysolvaysyngentasyngentateck_comincoteck_comincotembectembectemple_inlandtemple_inlandunion_carbideunion_carbideus_steelus_steelverso_paperverso_paperweyerhaeuserweyerhaeuserxstrataxstrataCredit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-Ethylene_Bracing_For_More_Than_Just_Hurricanes-8857888578cs/88578normArticleTemplateAs the industry enters the peak hurricane season in the USGC, it will not only need to brace for potentially poor weather conditions, but also be on the alert for a deceleration in export consumption and weakness in domestic demand.abradywlisolvayrhodiaimperial_chemical_industriesppghexionlyondell_chemicaldupontequistar_chemicalsnalcoineosgeorgia_gulfolinbasfmillennium_chemicalsnova_chemicalunion_carbideakzo_nobelchemturaeastman_chemicaldow_chemicalbayermethanex8857809 Sep 2009 03:11:00 ESTYes88578150CreditSights Incchemicalsbasic_industriesPublishedhigh_yieldEthyleneEthylene1259 Ethylene: Bracing For More Than Just Hurricanes Ethylene transaction prices remained unsettled in the last two months, as volatile production cost movements (down #.##¢/lb in July and up #.##¢/lb in August) have made it difficult for...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-Ethylene_Cash_Margins_Down_In_The_Dumps-8738387383cs/87383normArticleTemplateAt this juncture of the cycle, ethylene prices are essentially tracking cash cost movements and cash margins are merely bouncing along trough levels.abradywlinalcoppgrhodiasolvayequistar_chemicalslyondell_chemicalchemturahexionmethanexineosolinbasfbayernova_chemicalunion_carbidegeorgia_gulfmillennium_chemicalseastman_chemicalimperial_chemical_industriesakzo_nobeldow_chemicaldupont8738303 Aug 2009 11:09:35 ESTYes87383150CreditSights Incchemicalsbasic_industriesPublishedhigh_yieldEthyleneEthylene1146 Ethylene: Cash Margins Down In The Dumps Despite continued strength in the export market and a modest sequential rebound in domestic demand, operating fundamentals for the petrochemical industry remained difficult given the weak domestic...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-Ethylene_Waiting_for_the_Export_Shoe_to_Drop-8613186131cs/86131normArticleTemplateExports are expected to decelerate with the concomitant increase in low-cost supply, with CMAI expecting an onslaught of capacity additions in late July and August and exports from domestic producers to decelerate towards the end of 3Q09.abradywlirhodiasolvayeastman_chemicalppgdow_chemicalbayerhexionnalcochemturanova_chemicalgeorgia_gulfmethanexlyondell_chemicalineosdupontakzo_nobelolinbasf8613108 Jul 2009 03:09:00 ESTYes86131150CreditSights Incchemicalsbasic_industriesPublishedhigh_yieldEthyleneEthylene1318 Ethylene: Waiting for the Export Shoe to Drop Although the ethylene derivative export market remained robust, supported by a cost-advantage position and a delay in the expected impact of new Middle East production, petrochemical producers...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/bir/12925161292516bir/1292516norm17Chemtura Corp.Great Lakes Chemical Corp.Crompton Corp.Bio-Lab Inc.United States30 May 2009 06:21:00 ESTChemtura Corp. is the successor to Crompton & Knowles Corp., which incorporated in Massachusetts in 1900 and started in the business of manufacturing and selling specialty chemicals in 1954. Chemtura is headquartered in Middlebury, Connecticut and operateOTC325211K2821G3251882869CEMJQChemtura Corp. is the successor to Crompton & Knowles Corp., which incorporated in Massachusetts in 1900 and started in the business of manufacturing and selling specialty chemicals in 1954. Chemtura is headquartered in Middlebury, Connecticut and operateCompany Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/spcred/722393722393spcred/722393normglobal15 May 2009 06:28:58 EST100NewsThe latest News from S&PUnited StatesSpecialty ChemicalsUnited StatesGlobal IssuersNewsUSA12562C16389322711615101050 151010 1510 15Chemtura Corp.338317USACKNEWSChemicalsCORPGLOBISSLEVFINCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/721823721823spcred/721823normglobal13 May 2009 06:22:00 EST100NewsThe latest News from S&PSpecialty ChemicalsUnited StatesGlobal IssuersNewsUSA12562C16389322711615101050 151010 1510 15Chemtura Corp.338317USACKNEWSChemicalsCORPGLOBISSLEVFINUnited StatesCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/710377spcred/710377norm710377The latest News from S&Pglobal20 Mar 2009 03:45:36 EST100NewsUnited StatesSpecialty ChemicalsUnited StatesGlobal IssuersChemicalsCorporationsNewsUSA22711612562C16389315101050 151010 1510 15Chemtura Corp.338317USACKNEWSChemicalsGLOBISSCORPLEVFINCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/710378spcred/710378norm710378The latest Research Update from S&Pglobal20 Mar 2009 03:45:36 EST175Research UpdateUnited StatesSpecialty ChemicalsUnited StatesGlobal IssuersChemicalsCorporationsResearch UpdateUSA22711612562C16389315101050 151010 1510 15Chemtura Corp.338317USACKRESUPDUSA39056839056T39056U39056W15101050 151010 1510 15Great Lakes Chemical Corp.105852USAGLKChemicalsGLOBISSCORPLEVFINCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/702601spcred/702601norm702601The latest News from S&Pglobal13 Feb 2009 07:06:45 EST100NewsUnited StatesSpecialty ChemicalsUnited StatesGlobal IssuersCorporationsChemicalsNewsNEW YORK (Standard&Poor's) Feb. 13, 2009--Standard&Poor's Ratings Services today said it revised its ratings on Chemtura Corp.'s senior unsecured notes following an update to our recovery analysis which incorporates the company's $150 million reduction in its revolving credit facility in January 2009 and following the company's Feb. 4, 2009, press release regarding the subsidiary guarantee status for each of its three senior unsecured note issuances. Standard&Poor's affirmed its 'CCC' (same as the corporate credit rating) issue-level rating on Chemtura's 6.875% senior notes due 2016. The recovery rating on this issue was revised to '3' from '4', indicating our expectation for meaningful (50%-70%) recovery in the event of a payment default. We also lowered theUSA22711612562C16389315101050 151010 1510 15Chemtura Corp.338317USACKNEWSGLOBISSCORPLEVFINChemicalsCredit & Investment ResearchS&P Credit ResearchUS - In February ####, Chemtura Corp, a manufacturer and wholesaler of specialty chemicals, announced that it was seeking a buyer for its certain assets.12 Feb 2009 10:47:14 EST81572I16400Y81572I163893Seeking BuyerChemtura Corp-Certain AssetsSeeking BuyerChemtura Corphttp://www.alacrastore.com/storecontent/Thomson_M%26A/Chemtura_Corp_seeking_buyer_for_Chemtura_Corp_Certain_Assets-2049788020sdc/20497880202049788020Copyright © 2009, Thomson Financial, All Rights ReservedInvestment & Commodity Firms,Dealers,ExchangesUnknownInvestors, nec6799UNUnknownPrivate6799:Investors, nec6799:Investors, necChemicals and Allied ProductsUnited StatesChemicals and chemical preparations, nec2899CTConnecticutSubsidiary12029001Seeking buyerMnfr,whl specialty chemNot ApplicableAssets1068386001Feb 12 20090.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.00000Seeking buyerSeeking buyerSeeking buyer1.00000Certain assetsCertain assetsCertain assets0.000000.000000.000000.00000N10 Feb 09Tue, 10 Feb 2009 00:00:00 ESTDate Announced: 02/10/2009Date Effective:Acq. Cert. Asts.Friendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.00000US - In February 2009,Chemtura Corp, a manufacturerand wholesaler of specialtychemicals, announced that itwas seeking a buyer for itscertain assets.US - In February 2009, Chemtura Corp, a manufacturer and wholesaler of specialty chemicals, announced that it was seeking a buyer for its certain assets.US - In February 2009, Chemtura Corp, a manufacturer and wholesaler of specialtychemicals, announced that it was seeking a buyer for its certain assets.US - In February 2009, Chemtura Corp, a manufacturer and wholesaler of specialty chemicals, announced that it was seeking a buyer for its certain assets.US - In February 2009, Chemtura Corp, a manufacturer and wholesaler of specialty chemicals, announced that it was seeking a buyer for itscertain assets.S Buyer0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:S Buyer-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000002819:Industrial inorganic chemicals, nec2833:Medicinal chemicals and botanical products2869:Industrial organic chemicals, nec2879:Pesticides and agricultural chemicals, nec2899:Chemicals and chemical preparations, nec12029001Unknown6799UnknownPrivate2819:Industrial inorganic chemicals, nec2821:Plastics materials and synthetic resins2851:Paints, varnishes, lacquers, & allied products2869:Industrial organic chemicals, nec2891:Adhesives and sealants2899:Chemicals and chemical preparations, nec3069:Fabricated rubber prod, nec3088:Plastics plumbing fixtures5039:Construction materials, nec5169:Chemicals and allied products, nec8303004New YorkUnited States2891ConnecticutPublicCEM0.000000.000000.000000.00000Deal InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/spcred/697757spcred/697757normThe latest News from S&Pglobal22 Jan 2009 07:49:00 EST100News697757United StatesSpecialty ChemicalsUnited StatesGlobal IssuersCorporationsChemicalsNewsNEW YORK (Standard&Poor's) Jan. 22, 2009--Standard&Poor's Ratings Services said today that it lowered its corporate credit and senior unsecured debt ratings on Chemtura Corp. to 'CCC' from 'B' and removed the ratings from CreditWatch with negative implications where they were placed Dec. 17, 2008. The outlook is negative. The recovery rating on the company's senior unsecured notes is unchanged at '4', indicating expectations of average (30% to 50%) recovery in the event of a payment default. "The downgrade reflects the company's stressed liquidity position following recent negotiations with its lenders, and heightened concerns regarding Chemtura's upcoming debt maturity on its $370 million 7% notes on July 15, 2009, in light of the increasingly challenging operating andUSA22711612562C16389315101050 151010 1510 15Chemtura Corp.338317USACKNEWSGLOBISSCORPLEVFINChemicalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/697758spcred/697758normThe latest Research Update from S&Pglobal22 Jan 2009 07:49:00 EST175Research Update697758United StatesSpecialty ChemicalsUnited StatesGlobal IssuersCorporationsChemicalsResearch UpdateOn Jan. 22, 2009, Standard&Poor's Ratings Services lowered its corporate credit and senior unsecured debt ratings on Chemtura Corp. to 'CCC' from 'B' and removed the ratings from CreditWatch with negative implications where they were placed Dec. 17, 2008. The outlook is negative. The recovery rating on the company's senior unsecured notes is unchanged at '4', indicating expectations of average (30% to 50%) recovery in the event of a payment default. The downgrade reflects the company's stressed liquidity position following recent negotiations with its lenders, and heightened concerns regarding Chemtura's upcoming debt maturity on its $370 million 7% notes on July 15, 2009, in light of the increasingly challenging operating and credit market environment. Management has indicated thatUSA22711612562C16389315101050 151010 1510 15Chemtura Corp.338317USACKRESUPDUSA39056839056T39056U39056W97738515101050 151010 1510 15Great Lakes Chemical Corp.Witco Corp.109517105852USAWITGLKGLOBISSCORPLEVFINChemicalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_169874_831225moodys/PR_169874_831225htmlGlobal Credit Research Rating Action ## DEC #### Rating Action: Witco Corporation Moody's lowers Chemtura's CFR and debt ratings to B# from B#, ratings placed under review for possible downgrade Approximately $# billion of rated securities...23 Dec 2008 01:07:44 ESThtmlWitco CorporationChemtura CorporationGreat Lakes Chemical CorporationChemtura Corporation; Great Lakes Chemical Corporation; Witco Corporation831225600039099346750150.0000NewsRating ActionPR_169874_831225Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/691359spcred/691359normThe latest Research Update from S&Pglobal18 Dec 2008 12:58:00 EST175Research Update691359United StatesSpecialty ChemicalsUnited StatesGlobal IssuersCorporationsChemicalsResearch UpdateOn Dec. 17, 2008, Standard&Poor's Ratings Services lowered its corporate credit and senior unsecured debt ratings on Chemtura Corp. to 'B' from 'BB-' and placed the ratings on CreditWatch with negative implications. The recovery rating on the company's senior unsecured notes is unchanged at '4', indicating expectations of average (30%-50%) recovery in the event of a payment default. The downgrade reflects the increasingly challenging operating environment and declining volumes in the fourth quarter of 2008 primarily related to Chemtura's polymer additives and performance specialties business segments which serve electronic, polyolefin, building and construction and general industrial applications. The operating weakness is fairly widespread across the industry but the downgrade and CreditWatch listing reflects our concern over the possibilityUSA22711612562C16389315101050 151010 1510 15Chemtura Corp.338317USACKRESUPDUSA39056U39056W39056839056T97738515101050 151010 1510 15Great Lakes Chemical Corp.Witco Corp.105852109517USAGLKWITGLOBISSCORPChemicalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/691155spcred/691155normThe latest News from S&Pglobal17 Dec 2008 06:35:00 EST100News691155United StatesSpecialty ChemicalsUnited StatesGlobal IssuersCorporationsChemicalsNewsNEW YORK (Standard&Poor's) Dec. 17, 2008--Standard&Poor's Ratings Services said today that it lowered its corporate credit and senior unsecured debt ratings on Chemtura Corp. to 'B' from 'BB-' and placed the ratings on CreditWatch with negative implications. The recovery rating on the company's senior unsecured notes is unchanged at '4', indicating expectations of average (30%-50%) recovery in the event of a payment default. The downgrade reflects the increasingly challenging operating environment and declining volumes in the fourth quarter of 2008 primarily related to Chemtura's polymer additives and performance specialties business segments, which serve electronic, polyolefin, building and construction and general industrial applications. "The operating weakness is fairly widespread across the industry, but the downgrade and CreditWatchUSA22711612562C16389315101050 151010 1510 15Chemtura Corp.338317USACKNEWSGLOBISSCORPChemicalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/691156spcred/691156normThe latest Research Update from S&Pglobal17 Dec 2008 06:35:00 EST175Research Update691156United StatesSpecialty ChemicalsUnited StatesGlobal IssuersCorporationsChemicalsResearch UpdateOn Dec. 17, 2008, Standard&Poor's Ratings Services lowered its corporate credit and senior unsecured debt ratings on Chemtura Corp. to 'B' from 'BB-' and placed the ratings on CreditWatch with negative implications. The recovery rating on the company's senior unsecured notes is unchanged at '4', indicating expectations of average (30%-50%) recovery in the event of a payment default. The downgrade reflects the increasingly challenging operating environment and declining volumes in the fourth quarter of 2008 primarily related to Chemtura's polymer additives and performance specialties business segments which serve electronic, polyolefin, building and construction and general industrial applications. The operating weakness is fairly widespread across the industry but the downgrade and CreditWatch listing reflects our concern over the possibilityUSA22711612562C16389315101050 151010 1510 15Chemtura Corp.338317USACKRESUPDUSA39056839056U97738539056W39056T15101050 151010 1510 15Great Lakes Chemical Corp.Witco Corp.105852109517USAGLKWITGLOBISSCORPChemicalsCredit & Investment ResearchS&P Credit Research