Fitch affirms Nalco

Fitch Ratings said it affirmed Nalco Co. ratings as follows: issuer default rating at B, senior secured credit facility at BB/RR1, senior unsecured debt at B+/RR3 and senior subordinated notes at B-/RR5.

At the same time, Fitch said it has affirmed Nalco Finance Holdings LLC 's senior discount notes at CCC+/RR6.

The outlook remains stable.

The agency said the stable outlook reflects the improvement in Nalco's businesses and the strengthening of the economies around the world.

Fitch added it remains moderately concerned about increasing energy costs and the overall effect of high raw material prices on demand.

© 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.