16-Apr-2025 21:24 HKT

The Chemours Co. Ratings Affirmed On Improved Management And Governance, Offset By Weak Credit Metrics; Outlook Negative

The Chemours Co. remediated material weaknesses disclosed in the 2023 10-K by year-end 2024 and replaced key members of its executive leadership team. However, the company’s credit metrics and performance in 2024 were weaker than our expectations, an...

11-Apr-2025 00:39 HKT

Annual Review For Chemours Co. (The)

S&P Global Ratings has performed annual reviews of the credit ratings of this issuer. When applicable, this review would include the review of the issuer’s subsidiaries or associated entities. In an annual review, S&P Global Ratings reviews current c...

14-Nov-2024 00:36 HKT

The Chemours Co.'s Proposed $600 Million Senior Unsecured Notes Due 2033 Rated 'BB-' (Recovery Rating: '4')

DENVER (S&P Global Ratings) Nov. 13, 2024--S&P Global Ratings today assigned its 'BB-' issue-level rating and '4' recovery rating to The Chemours Co.'s proposed $600 million senior unsecured notes due 2033. The '4' recovery rating indicates our expec...

18-Apr-2024 04:58 HKT

The Chemours Co. Ratings Affirmed At 'BB-' On Filing Of 10-K And Leadership Change, Outlook Negative

The Chemours Co. filed its delayed 10-K report on March 27, 2024. Prior to this, the company previously announced that it had replaced key members of its executive leadership team. Furthermore, Chemours announced it would take proactive measures to a...

02-Mar-2024 07:29 HKT

The Chemours Co. Downgraded To 'BB-' From 'BB' And Placed On CreditWatch Negative On Management & Governance Challenges

The Chemours Co. announced on Feb. 29 that it has placed its CEO, chief financial officer (CFO), and chief accounting officer (CAO) on leave as it investigates practices related to ethics hotline complaints, management of working capital, and reporti...

01-Aug-2023 04:58 HKT

The Chemours Co.'s Proposed $960 Million Term Loan B And €515 Million Term Loan B Rated 'BBB-' (Recovery: '1')

DENVER (S&P Global Ratings) July 31, 2023--S&P Global Ratings today assigned its 'BBB-' issue-level rating and '1' recovery rating to The Chemours Co.'s proposed $960 million senior secured term loan B due in 2028 and €515 million senior secured term...

25-May-2023 05:17 HKT

The Chemours Co. Outlook Revised To Stable From Positive; 'BB' Ratings Affirmed

We anticipate performance and credit metrics for The Chemours Co. in 2023 will be appropriate for the rating instead of our previous belief that it could continue to outperform our expectations. We revised our outlook on Chemours to stable from posit...

27-May-2022 01:23 HKT

The Chemours Co. Upgraded To 'BB' On Strong Operating Performance; Outlook Positive

The Chemours Co.'s recent operating results have outpaced our expectations. The continued increase in earnings from its pandemic lows, in combination with its recent debt reduction, has boosted its credit metrics. We anticipate that the improvement i...

18-Sep-2021 03:16 HKT

The Chemours Co. Upgraded To 'BB-' On Stronger-Than-Expected Operating Performance And Debt Reduction, Outlook Stable

The Chemours Co.'s recent operating results have outpaced our expectations because it is benefitting from strong demand amid the economic rebound from the coronavirus pandemic. The recovery in the company's earnings from its pandemic lows, in combina...

26-Aug-2021 04:55 HKT

Olin Corp. Upgraded To 'BB+' On Debt Repayment And Improving Credit Measures, Outlook Stable

We expect that Olin Corp. will significantly improve its 2021 EBITDA and credit measures to levels well beyond our previous forecast, supported by its material debt repayment, its improving profitability stemming from management's new electrochemical...