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| Prospect News home > News index > List of issuers M > Headlines for Mercer International, Inc. > News item |
S&P lowers Mercer
Standard & Poor's said it lowered its corporate credit rating and issue-level rating on Mercer International Inc.
The agency said it lowered the corporate credit rating to CC from B- and lowered the rating on the senior unsecured debt to CC from B-.
The outlook is negative.
According to S&P, the rating downgrade follows Mercer's announcement that it is offering to exchange for any and all of its 8.5% convertible subordinated notes due 2010.
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