Form 8-K BELDEN INC. For: Jul 29
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Belden (BDC) Outlook Lowered to Negative by S&P; Sees Challenges to Reducing Leverage
July 31, 2015 11:50 AM EDTStandard & Poor's Ratings Services revised its outlook to negative from stable and affirmed its 'BB' corporate credit rating on St. Louis-based Belden (NYSE: BDC).
Our issue-level and recovery ratings on the company's secured and subordinated debt are unchanged.
"The outlook revision reflects our view that headwinds in Belden's broadcast and industrial segments may preclude the company from reducing leverage to less than 4x during the... More
