S&P: Cyanco view to negative

Standard & Poor’s said it revised the outlook on Cyanco Intermediate Corp. to negative from stable.

The agency also said it affirmed the company’s B corporate credit rating, along with all other ratings.

The outlook revision reflects Cyanco’s weaker-than-expected operating performance in recent quarters and an expectation that Cyanco’s estimated EBITDA for the quarter ended Sept. 30 also will be weak, S&P said.

The lower-than-expected EBITDA in 2014 was primarily the result of the company’s slower expansion in international markets, limited pricing flexibility and lower production levels, the agency said.

S&P said it estimates that the company’s operating performance in 2015 will improve over the prior year, but remain weaker than prior expectations.

© 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.