...Fitch Ratings affirmed Solvay SA's Long-Term Issuer Default Rating (IDR) at `BBB' with a Positive Outlook on 27 September 2018. The rating affirmation reflects Solvay's improved business profile focused on price-resilient specialty chemicals, which account for over 70% of the company's earnings and cash flows. The Positive Outlook takes into account expected further deleveraging, with funds from operation (FFO) net adjusted leverage forecast to be below 2.5x from end-2018, in line with our positive rating guidance. The deleveraging will be driven by strong projected EBITDA over the next four years due to higher volumes and cost efficiencies, moderate capex, and proceeds from expected completion of the announced disposal of the polyamide business....
