Moody's may downgrade Carmeuse

Moody's Investors Services said it placed under review for downgrade the Ba2 corporate family rating and outlook of Carmeuse Holding SA following the company's offer to acquire Oglebay Norton Co.

The deal is expected to close by year-end.

S&P said the acquisition is expected to increase the company's total adjusted debt-to-adjusted EBITDA ratio to 3.8 times on a pro-forma basis.

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