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Prospect News home > News index > List of issuers N > Headlines for Nalco Co. > News item
Published on 12/8/2004 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Fitch rates Nalco loan B+, notes CCC+

Fitch Ratings said it initiated ratings on Nalco Co.'s senior unsecured debt at B. Fitch has also assigned a rating to Nalco's senior secured credit facility at B+ and assigned a CCC+ to Nalco's senior subordinated notes.

The senior discount notes held at Nalco Finance Holdings LLC are rated CCC+. The outlook is stable.

Fitch said the ratings are supported by Nalco's leading market position, broad product offerings, geographical reach and strong customer retention.


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