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Fitch Upgrades NOVA Chemicals’ IDR to ‘BB-’; Outlook Positive
NEW YORK–(BUSINESS WIRE)–Fitch Ratings has upgraded NOVA Chemicals Corporation’s (NOVA) Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’ and its senior unsecured debt ratings to ‘BB-’ from ‘B+/RR4′. The ratings for the senior secured bank credit facility have been affirmed at ‘BB+’. The Ratings Outlook is revised to Positive from Stable. A full rating list is shown below. The upgrade is based on …
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