Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Weir Group plc > News item |
S&P cuts Weir Group
S&P said it downgraded the Weir Group to BB+ from BBB-, citing the company’s inability to achieve credit measures in line with the agency’s thresholds.
“This is because of pronounced weaknesses in its oil & gas business, which we anticipate will be prolonged in 2020,” said S&P in a press release.
The outlook is stable.
© 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.