|
|
 |
|
Viewing report
|
|
|
|
Allegheny Technologies Inc. 'BBB-' Ratings Affirmed, Outlook Revised To Positive On Improving Operating Performance Feb 12
Standard & Poors, Feb 2012
Abstract
We expect operating performance and credit metrics at U.S.-based specialty metals producer Allegheny Technologies Inc. to continue to improve over the next couple of years. We are affirming our ratings on Allegheny, including our 'BBB-' corporate credit and senior unsecured ratings, and revising the outlook to positive from stable. The positive outlook reflects our view that the company's key aerospace, energy and medical end markets should continue to improve. In our view, this could result in credit metrics gradually improving during the next year or so to levels more consistent with a higher rating, including adjusted debt to EBITDA being maintained below 3x and adjusted funds from operations to total debt above 30%. NEW YORK (Standard & Poor's) Feb. 3,...
Companies mentioned in this report are: Allegheny Technologies Inc.,Ladish Co. Inc.,Allegheny Ludlum Corp.
Action: Affirmed
Action: Outlook: Positive
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.
|
|
|
|
