TEXT-S&P summary: Solvay S.A.
(The following statement was released by the rating agency)
Jan 08 -
Summary analysis -- Solvay S.A. ----------------------------------- 08-Jan-2013
CREDIT RATING: BBB+/Negative/A-2 Country: Belgium
Primary SIC: Chemical
Mult. CUSIP6: 834437
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
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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