S&P Puts Lyondell Chemical Ratings on Watch Negative
On Jan. 8, Standard & Poor's Ratings Services placed its ratings on Lyondell Chemical Co. (LYO ) on CreditWatch with negative implications. The CreditWatch placement reflects elevated concerns related to 58.75% owned Lynondell-Citgo Refining L.P. (LCR), and the potential that recent operating disruptions caused by the lack of crude deliveries from Venezuela, if not resolved soon, could negatively affect credit quality at Lyondell, says analyst Kyle Loughlin.
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