Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for MKS Instruments Inc. > News item |
S&P elevates MKS Instruments, rates loan BBB-
S&P said it raised its corporate credit rating on MKS Instruments Inc. to BB+ from BB. The outlook is stable.
At the same time, S&P assigned a BBB- issue-level rating on the company's senior secured term loan due 2023. The 2 recovery rating indicates an expectation for substantial recovery (70%-90%; rounded estimate: 70%) of principal in the event of a payment default.
“The rating action reflects our view of MKSI's improved financial metrics over the past year and successful integration of the Newport acquisition,” S&P said 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.