Broad business diversification, with leading positions in acetate fibers and PET; Competitive cost position because of the scale of operations, significant focus on operating efficiency, leading technology, and a considerable level of vertical integration; Use of coal and wood pulp-based feedstocks, which reduces reliance on petrochemicals; and A financial profile that is currently appropriate for the ratings. Risks associated with the company's large planned gasification project; Some vulnerability to commodity cycles, raw material price volatility, and economic downturns; and Sizable unfunded postretirement liabilities. The ratings incorporate Eastman Chemical Co.'s satisfactory business profile and an intermediate financial risk profile. Standard&Poor's Ratings Services does not expect any significant changes in business strategies or financial policies as a result of the
