TEXT-S&P summary: Solvay S.A.

Tue Jan 8, 2013 5:19am EST

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(The following statement was released by the rating agency)

Jan 08 -

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Summary analysis -- Solvay S.A. ----------------------------------- 08-Jan-2013

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CREDIT RATING: BBB+/Negative/A-2 Country: Belgium

Primary SIC: Chemical

preparations,

nec

Mult. CUSIP6: 834437

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Credit Rating History:

Local currency Foreign currency

07-Sep-2011 BBB+/A-2 BBB+/A-2

24-Aug-2010 A-/A-2 A-/A-2

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Rationale

The ratings on Belgium-based chemical group Solvay S.A. reflect Standard & Poor's Ratings Services' view of its "satisfactory" business risk profile and its "intermediate" financial risk profile.

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