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Prospect News home > News index > List of issuers K > Headlines for Kronos Worldwide Inc. > News item |
Fitch cuts Kronos, loan
Fitch Ratings said it downgraded the issuer default rating and senior secured term loan of Kronos Worldwide, Inc. to BB- from BB.
Fitch said the ratings were downgraded to reflect the volatility of the titanium dioxide (TiO2) market and the frequency of stocking/destocking activity and related earnings volatility.
The outlook is stable.
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