NEW YORK (Standard&Poor's) Sept. 30, 2014--Standard&Poor's Ratings Services today assigned its 'BBB' senior unsecured debt rating to Eastman Chemical Co.'s proposed $1 billion of senior unsecured term loan and $1.25 billion senior unsecured revolving credit facility both due 2019. All our other ratings on Eastman, including the 'BBB' corporate credit and 'A-2' commercial paper ratings, remain unchanged. The outlook is negative. Eastman expects to use the net proceeds of the term loan to fund a part of the Taminco acquisition which was announced on Sept. 11, 2014. At the same time the company is renewing its revolving credit facility for general corporate purposes. The ratings on Kingsport, Tenn.-based Eastman reflect its strong business risk profile as
