ROTTERDAM, Netherlands, Dec. 30 /- Following Standard & Poor’s press release earlier today, 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.”
Standard & Poor wrote earlier:
ROTTERDAM, Netherlands, Dec. 30 /PRNewswire/ — Following Standard & Poor’s press release earlier today, 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.’
Related posts:
- Westfälische Rohrwerke: NSF NSF Standard 14 for 16-32 mm PE/AL/PE Pipes Smartpipe
- Saneper Comercial releases its exclusive press fitting machine
- SILON adding more than value: TABOND Standard Product Range
- SITRA presents with ALPI-PRESS a new press-fitting with compability to TH, H and U Profiles
- Simplex Armaturen + Fittings now “dabbling” in “leak before press” stainless steel press-fit fittings
