Diversified and improving mix of products, including some that serve relatively stable end markets; Competitive cost position; Use of coal and wood pulp-based feedstocks, which reduces reliance on petrochemicals for which prices are volatile; and Strong liquidity. Some vulnerability to commodity cycles, raw material price volatility, and economic downturns; Reliance on the largest manufacturing site for a significant proportion of total sales; and Sizable unfunded postretirement liabilities. The ratings incorporate Eastman Chemical Co.'s satisfactory business profile as a diversified global chemicals company with trailing-12-month sales of $6.3 billion, and an intermediate financial risk profile. Kingsport, Tenn.-based Eastman's primary products include: Acetate fibers used in cigarette and other filters and textiles; Coatings, additives, solvents, and resins used in paints and adhesives;
