EnPro Industries Inc. Assigned 'BB-' Corporate Credit Rating On Refinancing; Outlook Stable - S&P Global Ratings’ Credit Research

EnPro Industries Inc. Assigned 'BB-' Corporate Credit Rating On Refinancing; Outlook Stable

EnPro Industries Inc. Assigned 'BB-' Corporate Credit Rating On Refinancing; Outlook Stable - S&P Global Ratings’ Credit Research
EnPro Industries Inc. Assigned 'BB-' Corporate Credit Rating On Refinancing; Outlook Stable
Published Sep 08, 2014
Published Sep 08, 2014
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Abstract:

Charlotte-based diversified manufacturer EnPro Industries Inc. is refinancing its existing debt. We are assigning our 'BB-' corporate credit rating to EnPro. We are also assigning our 'BB-' issue rating and '4' recovery rating to the company's proposed $300 million senior unsecured notes. The stable outlook reflects our expectation that EnPro will benefit from moderate top-line growth amid generally improving economic conditions in its key geographical markets. NEW YORK (Standard&Poor's) Sept. 8, 2014--Standard&Poor's Ratings Services today assigned its 'BB-' corporate credit rating to EnPro Industries Inc. The outlook is stable. At the same time, we assigned our 'BB-' issue rating and '4' recovery rating to EnPro's proposed $300 million senior unsecured notes due 2022. The '4' recovery

  
Report Type:

Ratings Action

Issuer
GICS
Industrial Machinery (20106020)
Sector
Global Issuers
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "EnPro Industries Inc. Assigned 'BB-' Corporate Credit Rating On Refinancing; Outlook Stable" Sep 08, 2014. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/EnPro-Industries-Inc-Assigned-BB-Corporate-Credit-Rating-On-Refinancing-Outlook-Stable-1357887>
  
APA:
S&P Global Ratings’ Credit Research. (). EnPro Industries Inc. Assigned 'BB-' Corporate Credit Rating On Refinancing; Outlook Stable Sep 08, 2014. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/EnPro-Industries-Inc-Assigned-BB-Corporate-Credit-Rating-On-Refinancing-Outlook-Stable-1357887>
  
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