Standard & Poor's Ratings Services said today that it has raised its long-term corporate credit rating to 'BBB+' from 'BBB-' on Netherlands-based specialty plastics producer SABIC Innovative Plastics Holding B.V. (SABIC IP), 100% owned subsidiary of Saudi chemical group Saudi Basic Industries (SABIC; A+/Stable/A-1).
The outlook is stable.
We also raised our long-term issue ratings on the senior secured term loans A and B to 'BBB+' from 'BBB-'.
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