Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for EnPro Industries Inc. > News item |
S&P revises EnPro note recovery rating
S&P said it revised the recovery rating on EnPro Industries Inc.’s $350 million senior unsecured notes to 4 from 3.
The agency cited the increased amount of secured debt in the capital structure for the revision.
S&P affirmed all its ratings for EnPro, which has agreed to acquire LeanTeq Co. and completed the purchase of the Aseptic Group on July 2.
“We view these transactions as consistent with EnPro’s capital allocation strategy,” S&P said in a press release.
The outlook is stable.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.