OK
The Universal Selection Source:
Coatings Ingredients
Industry News

Statement From LyondellBasell Related to Standard & Poor's Press Release

Published on 2009-01-05. Author : SpecialChem

ROTTERDAM, Netherlands -- Following Standard & Poor's press release earlier, LyondellBasell issued the following statement: "Standard & Poor's definition of 'selected default' related to our corporate credit rating should not be misinterpreted to suggest that LyondellBasell is currently in default of its bank agreements. As they stated in their press release, 'This is a default in our opinion according to our definitions and criteria.' LyondellBasell is not currently in default according to its agreements with its lenders."

About LyondellBasell Industries:

LyondellBasell Industries is one of the world's largest polymers, petrochemicals and fuels companies. It is the global leader in polyolefins technology, production and marketing; a pioneer in propylene oxide and derivatives; and a significant producer of fuels and refined products, including biofuels. Through research and development, LyondellBasell develops innovative materials and technologies that deliver exceptional customer value and products that improve quality of life for people around the world. Headquartered in The Netherlands, LyondellBasell is privately owned by Access Industries.

Source: LyondellBasell Industries


Halcyon Group 3rd R&D Innovation Summit
Channel Alerts

Receive weekly digests on hot topics

Back to Top