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Yesterday evening, Standard & Poor’s Ratings Services lowered its corporate credit and senior unsecured ratings on Dow Chemical Co. (NYSE: DOW) to ‘BBB’ from ‘A-’. The long-term ratings on Dow Chemical and the ‘A-2′ commercial paper rating remain on CreditWatch with negative implications.
Standard & Poor’s revised the CreditWatch implications on the ‘BBB’ long-term ratings of Rohm and Haas Co. (NYSE: ROH) to negative from developing. Rohm and Haas’ ‘A-2′ short-term ratings remain on CreditWatch with negative implications.
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