Moody’s changes Westlake’s outlook to stable from positive By Investing.com
Update: 2025-10-31
Description
Moody's keeps Westlake's ratings stable, citing weaker-than-expected financial performance. Westlake's Performance and Essential Materials business saw an over 80% drop in EBITDA due to rising feedstock and energy costs, falling selling prices, and decreased demand. While Housing and Infrastructure Products business fared better, profits still declined by 20%. Westlake's debt situation is a mix, with a debt to EBITDA ratio of 4.5x and retained cash flow to debt at 11%. However, their strong liquidity, with $2.2 billion in cash and a $1.5 billion credit facility, provides a safety net. Moody's expects modest performance improvements in 2026, but high debt could lead to further pressure on Westlake's rating.
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