- Language: English
- 88 Pages
- Published: June 2010
- Region: Turkey
Ferro Corp. Upgraded One Notch To 'BB' On Improved Operating Performance; Issue Ratings Raised To 'B+'
- Standard & Poors
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.
Operating performance and credit measures at U.S.-based chemicals producer Ferro Corp. have improved in recent quarters. We are raising our ratings on Ferro, including the corporate credit rating to 'BB' from 'BB-'. The stable outlook reflects our expectation that Ferro can maintain credit measures and liquidity at levels consistent with the higher ratings. NEW YORK (Standard & Poor's) May 4, 2011--Standard & Poor's Ratings Services said today that it raised its corporate credit rating on Ferro Corp. to 'BB' from 'BB-'. The outlook is stable. Standard & Poor's also raised the issue-level ratings on Ferro's senior unsecured debt to 'B+' from 'B'. The '6' recovery rating, which remains unchanged, reflects Standard & Poor's expectation for negligible (0% to 10%) recovery...
Companies mentioned in this report are: Ferro Corp.
Action: Outlook: Stable
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