| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for Strategic Materials Holding Corp. > News item |
Moody’s cuts SMI
Moody's Investors Service said it cut Strategic Materials Holding Corp.'s (SMI) probability of default rating to D-PD from Ca-PD and its first-lien debt rating to Ca from Caa3. Moody's also affirmed SMI's corporate family rating at Ca and second-lien debt rating at C. The outlook is negative.
“These actions follow the announcement on Dec.5, 2023, that SMI has filed a petition for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code,” the agency said in a press release.
Moody's said it will withdraw SMI's ratings because of the company's bankruptcy filing.
© 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.