Moody's Sets Albemarle Outlook Stable

Moody's upgraded Albemarle's outlook from negative to stable while affirming its Baa3 senior unsecured and Prime‑3 CP ratings.
Leverage fell to 1.8x for FY2026 versus 4.5x in FY2025 after $1.3 bn debt reduction using asset sales and cash.
Albemarle held $1.1 bn cash, full $1.5 bn revolver availability and extended its revolver maturity to Oct 2028.
Moody's projects 2026 adjusted EBITDA of about $1.4 bn assuming lithium prices around $14 per kilogram.