We assigned our 'B' issuer credit rating to U.S.-based chemical company Flexsys Inc. (Eastman Tire). We also assigned our 'B' issue-level and '3' recovery ratings to the company's senior secured credit facility, which consists of a revolving credit facility and a term loan. The stable outlook reflects our expectation that the company's operating performance will allow it to maintain credit measures that we view as appropriate for the current rating, including weighted-average debt to EBITDA in the 5x-6x range. S&P Global Ratings' stable outlook reflects our expectation that Eastman Tire will maintain operational performance levels resulting in pro forma weighted-average debt to EBITDA between 5x and 6x. We expect top-line growth due to a combination of macroeconomic tailwinds supporting volumes
