EnPro Industries Inc. 'BB-' Rating Affirmed; Outlook Stable; Financial Risk Profile Revised To Significant - S&P Global Ratings’ Credit Research

EnPro Industries Inc. 'BB-' Rating Affirmed; Outlook Stable; Financial Risk Profile Revised To Significant

EnPro Industries Inc. 'BB-' Rating Affirmed; Outlook Stable; Financial Risk Profile Revised To Significant - S&P Global Ratings’ Credit Research
EnPro Industries Inc. 'BB-' Rating Affirmed; Outlook Stable; Financial Risk Profile Revised To Significant
Published Sep 26, 2017
Published Sep 26, 2017
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About This Report

  
Abstract:

We expect U.S.-based engineered industrial products manufacturer EnPro Industries Inc.'s leverage to improve following the reconsolidation of its subsidiary Garlock Sealing Technologies (GST). Consequently, we are revising our assessment of EnPro's financial risk profile to significant from aggressive. We are affirming all of our ratings on EnPro, including our 'BB-' corporate credit rating. The stable outlook reflects our expectation that stabilizing end market conditions in EnPro's markets will allow the company to maintain leverage at about 3x or less over the next 12 months. NEW YORK (S&P Global Ratings) Sept. 26, 2017--S&P Global Ratings today affirmed all of its ratings, including its 'BB-' corporate credit rating on Charlotte, N.C.-based EnPro Industries Inc. The outlook is stable. The rating affirmation reflects

  
Report Type:

Ratings Action

Issuer
GICS
Industrial Machinery (20106020)
Sector
Global Issuers
Country
Region
Format:
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MLA:
S&P Global Ratings’ Credit Research. "EnPro Industries Inc. 'BB-' Rating Affirmed; Outlook Stable; Financial Risk Profile Revised To Significant" Sep 26, 2017. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/EnPro-Industries-Inc-BB-Rating-Affirmed-Outlook-Stable-Financial-Risk-Profile-Revised-To-Significant-1921145>
  
APA:
S&P Global Ratings’ Credit Research. (). EnPro Industries Inc. 'BB-' Rating Affirmed; Outlook Stable; Financial Risk Profile Revised To Significant Sep 26, 2017. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/EnPro-Industries-Inc-BB-Rating-Affirmed-Outlook-Stable-Financial-Risk-Profile-Revised-To-Significant-1921145>
  
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