GrafTech Announces Completion of $150 Million Preferred Equity Investment

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Go back to GrafTech Announces Completion of $150 Million Preferred Equity Investment

S&P Downgrades GrafTech (GTI) to 'B+'; Notes Highly-Leverages Financial Risk Profile

August 13, 2015 11:29 AM EDT

Standard & 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