EMN · News · 20260807N
Liquidity and Debt Position
EASTMAN CHEMICAL CO · 2026-08-07 · Importance 46 · Surprise 42 · In source text
Moody’s changed Eastman Chemical’s outlook from stable to negative because of concerns about lower-than-expected 2026 operating cash flow. Moody’s cited elevated debt leverage and projected 2026 debt-to-EBITDA of 3.5x. The rating agency also expects 2026 EBITDA to improve but remain below 2024 levels, limiting debt-reduction capacity.
Key facts
- Moody's changed Eastman Chemical Company's outlook from stable to negative citing concerns over lower-than-expected operating cash flow for 2026, difficulties in consistently growing earnings, and elevated debt leverage. source
- Eastman revised its 2026 operating cash flow forecast downwards according to Moody's coverage. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | contingent | — | Moody's changed Eastman Chemical Company's outlook from stable to negative citing concerns over lower-than-expected operating cash flow… |
| cash | negative | probable | — | Eastman revised its 2026 operating cash flow forecast downwards according to Moody's coverage. |