S&P: ATI remains on watch

Standard & Poor's said its B corporate credit rating on ATI Acquisition Co. and all related issue-level ratings on the company's debt remains on CreditWatch, where it was placed with negative implications in September 2010.

The recovery ratings on the company's debt issues remain unchanged.

S&P said it continues to evaluate the potential impact of proposed federal government regulation changes, which would negatively affect ATI's operating performance, debt leverage and liquidity.

Any changes to the regulations should be finalized by July, the agency said.

© 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.