NEW YORK (Standard&Poor's) March 14, 2008--Standard&Poor's Ratings Services said today that it revised its outlook on Momentive Performance Materials Inc. to negative from stable. At the same time, we affirmed all our ratings on the company and its subsidiaries including the 'B' corporate credit rating. "We revised the outlook because operating income and funds from operations are below our expectations and, in view of the company's very aggressive debt leverage, we are concerned that high raw material costs and the current U.S. economic slowdown could make it difficult for Momentive to remain cash-flow positive," said Standard&Poor's credit analyst Cynthia Werneth. At Sept. 30, 2007, Momentive had $3.6 billion of debt outstanding, adjusted to include
