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S&P changes SGL Carbon view to negative
S&P said it changed the outlook for SGL Carbon to negative from stable on a revised forecast for lower earnings.
S&P also cited “softer market conditions” and the CEO’s resignation.
“The negative outlook reflects the uncertainty over the company's ability to recover its operations and financial performance in the coming 12-18 months,” the agency said in a news release.
S&P affirmed the company’s B- long-term issuer credit rating.
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