| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for Mercer International, Inc. > News item |
S&P lowers Mercer
S&P said it lowered its ratings for Mercer International Inc. and its senior unsecured notes to B+ from BB-, citing falling pulp prices throughout 2019.
“We estimate Mercer's leverage will sharply increase over the next two years. Mercer's leverage significantly increased to the mid-5x area in 2019, which was higher than expected and beyond our threshold for the previous rating. We expect the company's leverage and coverage ratios to further weaken in 2020, including adjusted debt-to-EBITDA in the high-7x area,” said S&P in a press release.
The outlook is negative.
© 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.