LSB Industries, Inc. -- Moody's downgraded LSB Industries' rating to B3 and placed the ratings under review for downgrade

New York, October 14, 2016 -- Moody's Investors Service, ("Moody's") downgraded LSB Industries, Inc.'s corporate family rating (CFR) to B3 from B1 due to the combined impacts of deterioration in industry conditions that are expected to persist for longer than previously expected and operational challenges at its facilities. Moody's expects LSB's credit metrics and liquidity to weaken as a result of lower prices and increasing market volatility resulting from new capacity starting up in North America. LSB's probability of default (PDR) rating was downgraded to B3-PD from B1-PD and its $375 million guaranteed senior secured notes due 2019 were downgraded to B3 from B1. LSB's Speculative Grade Liquidity rating is unchanged at SGL-4. The ratings were placed on review for possible further downgrade.

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