Celanese Corporation Announces Ratings Upgrade from S&P Global Ratings

Business Wire 15-Apr-2019 5:53 PM

Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, announced that S&P Global Ratings has raised its debt rating for Celanese US Holdings LLC (Celanese) to BBB from BBB-, assigning a stable outlook.

In the rationale for the upgrade, S&P Global stated, "The upgrade reflects a considerable improvement in the company's 2018 operating performance over 2017 levels, and our expectation that cash flow realization will stay high throughout 2019 and 2020."

S&P Global continued, "The stable outlook reflects our expectation that [Celanese's] 2018 improvement in operating performance and credit metrics is sustainable."

The full report is available to subscribers here: https://www.standardandpoors.com/en_US/web/guest/article/-/view/type/HTML/id/2196261

About Celanese

Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese's global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2018 net sales of $7.2 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com.

Forward-Looking Statements

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