The ratings incorporate Eastman Chemical Co.'s satisfactory business profile as a diversified global chemicals company and an intermediate financial risk profile. Kingsport, Tenn.-based Eastman's primary products include: Acetate fibers used in cigarette and other filters and textiles; Coatings, additives, solvents, and resins used in paints and adhesives; Performance chemicals and intermediates used in a wide variety of applications; Specialty plastics; and Polyethylene terephthalate (PET) used in beverage, food, and other packaging. Eastman's business risk profile is characterized by broad product, end-market, and geographic diversification and good market and cost positions in most segments. In addition, Eastman's feedstocks, which include wood pulp and coal, are more diversified than others that rely more heavily on hydrocarbons for which prices are volatile. Divestitures,
