Overview Key strengths Key risks We view Koch Solutions as highly strategic to its parent Koch Industries Inc, a view that materially supports our rating on Koch Solutions. Key businesses have potential volatility in earnings. Among the largest producer of nitrogen fertilizers and methanol in the U.S. Some businesses, such as the company?s relatively small trading business, are potentially susceptible to high-impact shocks. Low leverage and strong liquidity. We base this view on Koch's stated intention of a long-term commitment to Koch Solutions, which we believe to be almost integral to Koch's current identity and future strategy. Koch Solutions is entirely owned by Koch. Our view also takes into account the support Koch has provided to Koch Solutions in the