Moody’s Rating Upgrade for Orion Engineered Carbons
November 20 2018 - 3:30PM
Business Wire
Orion Engineered Carbons S.A. (NYSE: OEC), a worldwide supplier
of specialty and high-performance Carbon Black, today announced
that Moody’s upgraded its corporate family rating (CFR) to Ba2 from
Ba3 on November 15, 2018. Concurrently Moody's upgraded Orion's
probability of default rating (PDR) to Ba2-PD from Ba3-PD. Moody's
has also upgraded to Ba2 from Ba3 the rating of the term loan
facilities and of the €175 million multi-currency revolving credit
facility ('RCF') borrowed by Orion Engineered Carbons GmbH and OEC
Finance US LLC, two subsidiaries of Orion. The outlook on all such
ratings is stable, according to Moody’s.
Orion is a worldwide supplier of Carbon Black. We produce a
broad range of Carbon Blacks that include high-performance
Specialty Gas Blacks, Furnace Blacks, Lamp Blacks, Thermal Blacks
and other Carbon Blacks that tint, colorize and enhance the
performance of polymers, plastics, paints and coatings, inks and
toners, textile fibers, adhesives and sealants, tires, and
mechanical rubber goods such as automotive belts and hoses. Orion
runs 13 global production sites and four Applied Technology
Centers. The group has approximately 1,421 employees worldwide. For
more information please visit Orion’s website
www.orioncarbons.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181120005666/en/
Orion Engineered Carbons S.A.Investor RelationsDiana Downey, +1
832-589-2285Investor-Relations@orioncarbons.com
Orion (NYSE:OEC)
Historical Stock Chart
From Apr 2024 to May 2024
Orion (NYSE:OEC)
Historical Stock Chart
From May 2023 to May 2024