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Park-Ohio Industries Inc. 'B' Rating Affirmed, Proposed $250 Million Notes Rated 'CCC+'; Outlook Is Stable Product Image

Park-Ohio Industries Inc. 'B' Rating Affirmed, Proposed $250 Million Notes Rated 'CCC+'; Outlook Is Stable

  • Published: March 2011
  • Standard & Poors

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  • Park-Ohio Industries Inc.
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Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Abstract
U.S.-based provider of supply management services and manufacturer of engineered products Park-Ohio Industries Inc. has announced an offering of $250 million senior subordinated notes and its intention to refinance its revolving credit facility. We are assigning a 'CCC+' rating to the proposed notes with a recovery rating of '6'. At the same time, we are affirming our 'B' corporate credit rating (CCR) on READ MORE >

Park-Ohio Industries Inc.

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