Research Update: Momentive Performance Materials Inc. Rating Lowered To 'CC' From 'CCC-'; Ratings Placed On Watch Negative - S&P Global Ratings’ Credit Research

Research Update: Momentive Performance Materials Inc. Rating Lowered To 'CC' From 'CCC-'; Ratings Placed On Watch Negative

Research Update: Momentive Performance Materials Inc. Rating Lowered To 'CC' From 'CCC-'; Ratings Placed On Watch Negative - S&P Global Ratings’ Credit Research
Research Update: Momentive Performance Materials Inc. Rating Lowered To 'CC' From 'CCC-'; Ratings Placed On Watch Negative
Published Apr 02, 2014
1634 words — Published Apr 02, 2014
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Silicone and quartz producer Momentive Performance Materials Inc. (MPM) has announced it is in discussions with various stakeholders regarding alternatives to modify its capital structure and reduce debt leverage. Whether or not an agreement is reached, MPM may file for Chapter 11 bankruptcy protection. The company has stated that it is in compliance with the terms of its outstanding notes and credit agreements. We are lowering our corporate credit rating on MPM by one notch to 'CC' from 'CCC-' and taking various other rating actions. In addition, we are placing all our ratings on MPM on CreditWatch with negative implications. The CreditWatch listing indicates that we expect to lower the ratings when the company defaults on an interest payment, files

  
Brief Excerpt:

RESEARCH Research Update: Momentive Performance Materials Inc. Rating Lowered To '##' From '###-'; Ratings Placed On Watch Negative Publication date: 02-Apr-2014 Primary Credit Analyst: Cynthia M Werneth, CFA, New York (1) 212-438-7819;...

  
Report Type:

Research Update

Ticker
794228Z
Issuer
Momentive Performance Materials Inc.
GICS
Specialty Chemicals (15101050)
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Momentive Performance Materials Inc. Rating Lowered To 'CC' From 'CCC-'; Ratings Placed On Watch Negative" Apr 02, 2014. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Momentive-Performance-Materials-Inc-Rating-Lowered-To-CC-From-CCC-Ratings-Placed-On-Watch-Negative-1289719>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Momentive Performance Materials Inc. Rating Lowered To 'CC' From 'CCC-'; Ratings Placed On Watch Negative Apr 02, 2014. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Momentive-Performance-Materials-Inc-Rating-Lowered-To-CC-From-CCC-Ratings-Placed-On-Watch-Negative-1289719>
  
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