S&P trims Shiloh Industries view to negative

Standard & Poor’s said it revised its outlook on Shiloh Industries Inc. to negative from stable and affirmed its BB- corporate credit rating on the company.

“The negative outlook reflects our expectation that Shiloh’s credit measures could weaken further in 2015 as the company adjusts to its larger corporate structure (following its recent acquisitions), increases its capital expenditures (capex) above historical levels to support a larger manufacturing footprint, and manages an active program launch cycle,” said S&P credit analyst Nishit Madlani in a news release.

© 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.