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 Credit metrics that currently exceed our expectations at the ratings Some vulnerability to commodity cycles, raw material price volatility, and economic downturns Reliance on its largest manufacturing site for a significant proportion of total sales Sizable unfunded postretirement liabilities The ratings incorporate Kingsport, Tenn.-based Eastman Chemical Co.'s satisfactory business profile as a diversified global chemicals company with trailing-12-month sales of $6.2 billion and its intermediate financial risk profile. Eastman's primary products include: Acetate fibers used in cigarette and other filters and textiles; Coatings, additives, solvents, and resins used in paints and
