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Research Update: General Chemical Holding Co. 'B' Credit Rating Affirmed On Plan To Amend Its Credit Facilities Mar 11 Product Image

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

FEATURED COMPANIES

  • General Chemical Corp.
  • GenTek Inc.
  • MORE

Abstract
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

Action: Affirmed

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Note: Product cover images may vary from those shown

- General Chemical Holding Co.
- General Chemical Corp.
- GenTek Inc.
- General Chemical Corporation

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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