Olin Corporation's Financial Outlook Downgraded

S&P Global Ratings downgrades Olin Corporations outlook to negative due to ongoing financial struggles. The companys financial health is projected to remain weak, with funds from operations compared to debt under twenty percent and debt compared to earnings over four times. Olins main business areas face tough market conditions, with earnings dropping in chlor alkali products and vinyls segment and significant decline in Winchester ammunition segment. S&P expects Olins operating rates wont increase soon due to slowdown in housing and weak demand in key markets. The outlook could improve if demand for chlorine products strengthens and Winchesters commercial business stabilizes, requiring Olins adjusted earnings to exceed eight hundred million dollars.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.