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Prospect News home > News index > List of issuers C > Headlines for Continental Alloys & Services, Inc. > News item
Published on 8/3/2011 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

S&P lifts Continental Alloys

Standard & Poor's said it raised the B- corporate credit rating on Continental Alloys & Services Inc. to BBB- after the acquisition by Reliance Steel & Aluminum Co. (BBB-/stable) and removed all ratings from CreditWatch with positive implications, where they had been placed on July 14.

S&P said it subsequently withdrew the ratings on Continental Alloys' senior secured debt, which has been repaid.


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