Solutia Upgraded By Standard & Poor's

In addition, a rating of BB was assigned to the Company's proposed new senior secured credit facilities and a B+ rating was assigned to the Company's proposed $300 million senior unsecured notes due 2020. The Company's existing $400 million senior unsecured notes due 2017 were upgraded to B+.
 
Moody's Investors Service affirmed the B1 corporate family rating of Solutia Inc. and revised the ratings outlook from stable to positive. Moody's also assigned a Ba2 rating to the Company's proposed new senior secured credit facilities and assigned a B2 to the proposed senior unsecured notes due 2020.