IHS Chemical Week

People & Business :: Earnings/Finance

S&P Raises Rockwood’s Credit Rating

February 8, 2012 | Vincent Valk

Standard & Poor’s (S&P; New York) has raised Rockwood Holdings’ corporate credit rating to ‘BB+’ from ‘BB’ due to an improvement in the company’s leverage position and financial performance. Rockwood is currently seeking a $350 million senior secured term loan that will be used to pay down existing debt, S&P says. That loan is rated ‘BBB-.’   "The rating actions reflect improvements in Rockwood's leverage-related pro forma credit metrics and our expectation that Rockwood's satisfactory...

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