Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for CST Industries, Inc. > News item |
S&P rates CST Industries, loan B
Standard & Poor's said it assigned its B corporate credit rating to CST Industries, Inc.
At the same time, S&P said it assigned its B ratings and recovery ratings of 2 to the company's proposed $100 million seven-year senior secured term loan facility and $20 million five-year senior secured revolving credit facility.
S&P added that the ratings reflect CST's vulnerable business profile as a manufacturer and erector of factory-coated metal storage tanks in a fragmented and competitive market, noting that the ratings also reflect the company's highly leveraged financial profile and thin cash flow protection measures.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.