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Stock Market & Financial Investment News

News Breaks
February 3, 2014
12:52 EDTKRAS&P revises Kraton Performance Polymers outlook to positive
Standard & Poor's Ratings Services revised its outlook on Kraton Performance Polymers to positive from stable. S&P said, "At the same time, we affirmed our 'B+' corporate credit rating on the company and our 'B' issue-level rating on the company's unsecured debt. The recovery rating on the unsecured debt remains '5', indicating our expectation of modest recovery in the event of a payment default." "The positive outlook reflects our estimation that there is at least a one in three probability of a rating upgrade arising from the proposed combination of Kraton's assets with LCY Chemical Corp.'s sytrenic block copolymers assets," said Standard & Poor's credit analyst Pranay Sonalkar. Shares of Kraton Performance Polymers are higher by almost 2.5% in midday trading.
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