GrafTech Announces Completion of $150 Million Preferred Equity Investment
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S&P Downgrades GrafTech (GTI) to 'B+'; Notes Highly-Leverages Financial Risk Profile
August 13, 2015 11:29 AM EDTStandard & Poor's Ratings Services lowered its corporate credit rating on GrafTech (NYSE: GTI) one notch to 'B+' from 'BB-'. The rating remains on CreditWatch with negative implications where we placed it on May 1, 2015.
At the same time, we also lowered the issue-level rating on the company's $300 million senior unsecured notes one notch to 'B+' from 'BB-', in line with GrafTech's... More
