Hexion has recently accessed capital markets to address its 2018 notes maturity as well as to amend and extend its asset-based revolving loan (ABL). As a result, we believe that some of the company's liquidity pressures have been temporarily reduced. We are revising our outlook on Hexion to stable from negative and affirming all ratings, including the 'CCC+' corporate credit rating. We expect credit metrics to remain on the lower end of the highly leveraged financial risk profile range, with funds from operations (FFO) to debt in the low-single-digit percentage area and debt to EBITDA to be about 10x on a weighted average basis of historical and projected numbers. The stable outlook reflects our expectation that, despite currency headwinds, slight
