Solutia Upgraded by Standard & Poor's

ST. LOUIS, March 2 /PRNewswire-FirstCall/ -- Standard & Poor's Ratings Services upgraded its ratings on Solutia Inc. (NYSE: SOA) today, changing the corporate credit rating from B+ to BB-, with a stable outlook.  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+.

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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.  

Forward Looking Statements

This press release contains forward-looking statements, including, but not limited to statements about projected financial performance, which can be identified by the use of words such as "believes," "expects," "may," "will," "intends," "plans," "estimates" or "anticipates," or other comparable terminology, or by discussions of strategy, plans or intentions. These statements are based on management's current expectations and assumptions about the industries in which Solutia operates and Solutia's ability to raise additional funds which is subject to market conditions. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, the accuracy of our assumptions, the ability of third parties to finance an acquisition, and those risk and uncertainties described in Solutia's most recent Annual Report on Form 10-K, including under "Cautionary Statement About Forward Looking Statements" and "Risk Factors", and Solutia's quarterly reports on Form 10-Q. These reports can be accessed through the "Investors" section of Solutia's website at http://www.solutia.com/. Solutia disclaims any intent or obligation to update or revise any forward-looking statements in response to new information, unforeseen events, changed circumstances or any other occurrence.

Corporate Profile

Solutia is a market-leading performance materials and specialty chemicals company.  The company focuses on providing solutions for a better life through a range of products, including: Saflex® interlayer for laminated glass; CPFilms® aftermarket window films sold under the LLumar® brand and others; and technical specialties including the Flexsys® family of chemicals for the rubber industry, Skydrol® aviation hydraulic fluid and Therminol® heat transfer fluid.  Solutia's businesses are world leaders in each of their market segments.  With its headquarters in St. Louis, Missouri, USA, the company operates globally with approximately 3,300 employees in more than 50 locations.  More information is available at www.Solutia.com.

SOURCE Solutia Inc.