MRC Global Announces S&P Upgrade in Credit Rating To “B” from “B–”, Outlook Stable [Yahoo! Finance]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: Yahoo! Finance
and infrastructure products and services to diversified energy, industrial and gas utilities end-markets, today announced the Company's issuer credit rating has been upgraded to “B” from “B–” by S&P Global Ratings (“S&P”). S&P based its ratings upgrade in part due to the Company's ability to address its upcoming Term Loan B maturity with cash on hand, expected strong operating cash flow generation and reduced debt leverage, while maintaining ample availability on the Company's asset-based lending facility. The outlook was changed to “Stable” from “Developing” based on S&P's view that the Company's performance will remain stable, and that cash flow generation will support further debt reduction, resulting in a low leverage ratio. Last month, Moody's Investors Service (“Moody's”) also revised its outlook on the Company's rating to “Positive” from “Stable” and at the same time, affirmed MRC Global's corporate family rating of B2. Moody's change to a positive outlook was based on the
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SPGI
Earnings
- 4/26/24 - Miss
SPGI
Sec Filings
- 5/17/24 - Form 4
- 5/15/24 - Form 144
- 5/6/24 - Form 8-K
- SPGI's page on the SEC website