S&P affirms Oxbow Carbon loan

Standard & Poor's said it affirmed its B+ bank loan rating and revised its recovery rating to 2 from 3 on the $745 million senior secured first-lien term loan B of Oxbow Carbon LLC, based on new terms and conditions.

Oxbow Carbon, formerly known as Oxbow Carbon and Minerals Holdings LLC, has a B+ corporate credit rating and a stable outlook, which are unaffected by this action, the agency said.

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