S&P puts Claymont ratings on CreditWatch
Dec 12, 2007 | 02:11 PM
Standard & Poor's Ratings Services has placed all of its ratings for Claymont Steel Inc., including its 'B' corporate credit rating, on CreditWatch with positive implications. The move was prompted by Evraz Group SA's plans to acquire the steelmaker.
"The positive implications indicate the potential for an upward rating action, based on Claymont's definitive agreement to be acquired by Evraz Group SA (rated BB– with a positive outlook)," Standard & Poor's credit analyst Sherwin Brandford said. Upon....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.