Tronox (TROX) Comments on S&P Rating Downgrade
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Tronox Statement in Response to Standard & Poor's Rating Change
September 1, 2015 4:37 PM EDTSTAMFORD, Conn., Sept. 1, 2015 /PRNewswire/ -- Tronox Limited (NYSE: TROX) today reaffirmed its commitment to reducing leverage and continuing its current dividend payment. This reaffirmation comes in response to the rating change announced earlier today by Standard & Poor's. Citing continued softness in TiO2 pigment pricing, Standard & Poor's lowered the company's debt rating by one notch.  The company believes the impact of this action will be to increase its annual interest cost by approximately $3.7 million. Tronox believes there is no incremental risk to its debt or the company as a whole... More
