New York, February 03, 2014 -- LSB Industries, Inc., (LSB) announcement of extended downtime to complete additional repairs at its Pryor, OK chemical facility is a modest credit negative. There have been intermittent operational challenges at the Pryor facility since 2012 which have both weighed on earnings and been a use of capital. We are concerned that the additional cost of repairs and loss of earnings from the plant downtime will weigh on operating cash flows. While it is still early in 2014, if LSB's Pryor facility does not demonstrate full production rates by the first half of 2014 and expected operating rates at the other facilities, there could be negative ratings implications.
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