| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for Metallurg Inc. > News item |
S&P ups Metallurg to CC
Standard & Poor's said it revised its corporate credit rating on Metallurg Inc. and its parent Metallurg Holdings Inc. to CC from D and revised its ratings on Metallurg's 11% senior notes due 2007 to CC from D and Metallurg Holdings' 12.75% senior discount notes due 2008 to C from D.
The outlook is negative.
The ratings on Metallurg Inc. reflect its constrained liquidity and S&P's concerns about the company's ability to meet its near-term financial obligations.
S&P said it is concerned that the company may seek to restructure and reduce its debt levels in a manner detrimental to lenders, or seek bankruptcy protection, as it may consider itself to be unable to meet its near-term debt service requirements.
© 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.