This report does not constitute a rating action. Overview Key strengths Key risks Integrated producer of a broad range of advanced materials, chemicals, and fibers with widespread applications. Exposure to cyclical end markets like automotive, durables, and construction, which partially offsets the company?s participation in more stable markets like personal care, health care, and water treatment. Increasing emphasis on relatively stable, high-margin, specialty chemicals. Moderate pressure on growth in 2025 due to tariffs, trade disputes and supply chain disruptions. Effective price/cost management. Half of the textile sales are tied to the Chinese market. Appropriate weighted average credit measures for the rating, after considering potential volatility. Eastman?s performance in 2024 and first-quarter 2025 has been mixed, reflecting both resilience and challenges.
