Credit research provides analysis on issuers and debt obligations of corporations, states and. S credit exposure to grangemouth petrochemical. For credit ratings that are derived exclusively from an existing credit rating of a. Financial risk profile as. Highly leveraged, with sizable gross debt of eur7. And adjusted debt to ebitda of about 5x under our scenario.
We are raising our long. Term corporate credit rating on ineos to. From ineos group holdings s. Raises ineos rating. The following statement was released by the rating agency. Fitch ratings has assigned ineos group holdings sa. Press release ineos styrolution india limited. Criteria on assigning outlook to credit ratings. Ineos group through its step down subsidiary viz.
Following the successful reset of banking covenants on july 15th, standard poors and moody. S have raised their long. Term view for ineos group. Sp upgraded the corporate credit rating for the group by one notch to ccc. To reflect the support received by ineos in its 5. Year plan and ongoing financial structure. We expect the joint venture to have a limited effect on the company. We estimate pro forma net leverage at 4. In light of our 10 february ratings upgrade for ineos and the minimal effect on near. Term performance, the transaction will have no effect on ineos. S credit rating is an opinion as to the creditworthiness of a debt obligation of the issuer, not on the equity securities of the issuer or any form of security that is available to retail investors. It would be reckless and inappropriate for retail investors to use moody. S credit ratings or publications when making an investment decision.