Research Update: General Chemical Holding Co. 'B' Credit Rating Affirmed On Plan To Amend Its Credit Facilities Mar 11
- ID: 1822752
- March 2011
- Standard & Poors
U.S.-based niche specialty chemical company General Chemical Holding Co. announced plans to amend its existing credit facilities. We're affirming all ratings on General Chemical Holding Co., including the 'B' corporate credit rating. The stable outlook reflects our view that improving operating results and favorable business conditions should allow the company to maintain a financial profile consistent with the current ratings. The proposed amendment does not change our assessment of the financial profile. On March 1, 2011, Standard & Poor's Ratings Services affirmed the 'B' corporate credit rating on General Chemical Holding Co. The outlook remains stable. Through the proposed amendment, the company expects to reduce its term loan B pricing to Libor plus 350 basis points (bps) from Libor plus...
Companies mentioned in this report are:
- General Chemical Holding Co.
- General Chemical Corp.
- GenTek Inc.
- General Chemical Corporation
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases. SHOW LESS READ MORE >