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| Brief Excerpt: | ...Fitch's Sector Outlook: Stable Overall market conditions should remain stable for diversified chemicals and petrochemicals sectors in 2019, despite a rise in hydrocarbon feedstock prices and friction in global trade. Fitch Ratings expects growth in chemicals demand by volume to remain near global GDP levels, given penetration in most end markets across consumer, manufacturing, automotive and construction sectors. Rating Trajectory: Static Most rated North American issuers should continue to see robust liquidity and solid financial profiles, which should be sufficient to withstand cyclical downturns. Fitch expects issuers to maintain leverage within current ranges, reflecting a generally static rating environment. The Dow Chemical Company (BBB+/Stable) and Albemarle Corporation (BBB/Stable) were upgraded in 2018, as a result of the clarification on Dow's post-spin capital structure and Albemarle's position in the high growth lithium business. M&A represents the most significant event risk... |
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| Company(ies) | Methanex Corporation
, CF Industries, Inc.
, The Dow Chemical Company
, Mosaic Global Holdings Inc.
, EIDP, INC.
, Rohm & Haas Company
, Union Carbide Corporation
, Dow Capital B.V.
, NOVA Chemicals Corp
, Eastman Chemical Company
, Westlake Corporation
, CF Industries Holdings Inc
, The Mosaic Company
, NewMarket Corporation
, Albemarle Corporation
, Dow Silicones Corporation
, DuPont de Nemours, Inc.
, Ecolab Inc. |
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