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Bradken Inc. Ratings Affirmed, Then Withdrawn At Company's Request May 11
Standard & Poors, May 2011
Abstract
U.S.-based Bradken Inc. has benefited from the gradual recovery in some of its end markets and is currently operating within our expectations for the rating. We are affirming our 'B+' corporate credit rating on Bradken. Subsequently, we are withdrawing the rating at the company's request. The outlook was stable at the time of withdrawal. NEW YORK (Standard & Poor's) May 23, 2011--Standard & Poor's Rating Services said today that it has affirmed its 'B+' corporate credit rating on Kansas City, Mo.-based Bradken Inc. Subsequently, we withdrew the ratings at the company's request. The outlook was stable at the time of withdrawal. The ratings reflect Bradken Inc.'s aggressive financial profile and participation in the fragmented and highly cyclical U.S. foundry industry....
Companies mentioned in this report are: Bradken Inc.
Action: Withdrawn
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.
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