Moody's raises US Univar rating as distributor boosts margins

摘要

HOUSTON (ICIS)--Moody's Investors Service raised its ratings for chemical distributor Univar because of improving margins, the ratings agency said on Wednesday. Moody's raised the company's corporate family rating to B1 from B2, it said. Since Univar's initial public offering in June 2015, the company has improved retained cash flow and margins for earnings before interest, tax, depreciation and amortisation (EBITDA), Moody's said. Financial performance has also improved.