Rating for TPC Group Affirmed by Moody's

HOUSTON, March 19 /PRNewswire-FirstCall/ -- TPC Group Inc. (OTC: TXPI.PK) today announced that Moody's Investors Service affirmed the Company's B1 Corporate Family Rating (CFR), affirmed the B1 rating on TPC Group's existing term loan and assigned a B1 rating to the Company's proposed amended and extended term loan due 2016.  The rating on the proposed term loan is subject to receipt of final documentation and acceptance of the extension by the term loan lenders.  The outlook on the Company remains stable.

Charlie Shaver, TPC Group's CEO and President, stated, "We are extremely pleased with today's rating affirmation by Moody's.  It substantiates our accomplishments to date as we continue to execute on our plans to produce improved operating results and enhance our capital structure."

TPC Group Inc. is a leading producer of value-added products derived from niche petrochemical raw materials such as C4 hydrocarbons.  The Company sells its products and services into a wide range of performance, specialty and intermediate markets, including synthetic rubber, fuels, lubricant additives, plastics and surfactants.  Headquartered in Houston, Texas, and with an operating history of nearly 70 years, the Company has manufacturing facilities in the industrial corridor adjacent to the Houston Ship Channel, Port Neches and Baytown, Texas and operates a product terminal in Lake Charles, Louisiana.  For more information, visit the Company's web site at http://www.tpcgrp.com.

Certain statements in this news release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  These statements include assumptions, expectations, predictions, intentions or beliefs about future events, particularly the statements relating to plans for credit facility amendments.   Although TPC Group believes that such statements are based on reasonable assumptions, no assurance can be given that such statements will prove to have been correct.  A number of factors could cause actual results to vary materially from those expressed or implied in any forward-looking statements, including risks and uncertainties such as general economic conditions, limitations on the Company's access to capital, and the ability to amend the Company's credit facilities on acceptable terms or at all.  More information about the risks and uncertainties relating to TPC Group and the forward-looking statements are found in the Company's SEC filings, including its Registration Statement on Form 10, as amended, which is available free of charge on the SEC's website at http://www.sec.gov.  TPC Group expressly disclaims any obligation to update any forward-looking statements contained in this news release to reflect events or circumstances that may arise after the date of this release, except as otherwise required by applicable law.

SOURCE TPC Group Inc.