S&P lowers TK Aluminum view to negative

Standard & Poor's said it revised its outlook on TK Aluminum Ltd. (TKA) to negative from stable.

At the same time, the CCC+ long-term corporate credit rating was affirmed.

S&P said the outlook revision reflects weaker-than-expected operating performance in 2005 and the unlikelihood of significant improvement in 2006 given the difficult market environment.

The rating reflects TKA's very aggressive financial profile and the many challenges the company faces in a cyclical, highly competitive industry, the agency noted.

© 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.