S&P affirms EnPro

S&P said it affirmed all of its ratings, including its BB- corporate credit rating, on EnPro Industries Inc.

The outlook is stable.

The agency said the affirmation reflects operating performance that is in line with its expectations.

Specifically, EnPro's relatively good operating performance through the last 12 months and the reconsolidation of GST on July 31 has led to the agency’s expectation that leverage will improve to the better end of its prior forecast of 3x-4x in 2017, with the potential to improve below 3x in 2018.

© 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.