Moody's upped its rating on LyondellBasell (LYB -0.2%) to investment grade late yesterday,...

|About: LyondellBasell Industries N.V. (LYB)|By:, SA News Editor

Moody's upped its rating on LyondellBasell (LYB -0.2%) to investment grade late yesterday, making it the second time in just the past month it's done so. The ratings agency cites the company's ongoing conservative financial policies, strong financial metrics and the declining ownership stakes held by Apollo Management and Access Industries.