New York, September 18, 2013 -- Moody's Investors Service affirmed the ratings (Corporate Family Rating of Ba3) of Huntsman Corporation (Huntsman) and its subsidiary Huntsman International LLC and changed the outlook to stable from positive following the proposed acquisition of Rockwood Specialties Group, Inc.'s (Rockwood) Pigments and Performance Additives Business (excluding Clay-based Additives). Huntsman will acquire the assets for $1.325 billion ($1.1 billion in cash and assume $225 million of pension liability). The transaction is expected to close in the first half of 2014, subject to regulatory approvals.
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