New York, October 11, 2013 -- Moody's Investors Service has today said that it views as credit positive Chemtura Corporation's (Chemtura, Ba3 stable) recently announced agreement to sell its Consumer Products business to KIK Custom Products Inc. (B3 stable) for gross proceeds of $315 million in cash. Moody's views the transaction as modestly credit positive, potentially leaving the firm with a more focused business portfolio. Chemtura's ratings are unaffected by this recent announcement as Moody's does not expect the transaction to result in a significant change in Chemtura's credit metrics.

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