NY -- Standard&Poor's CreditWire 8/25/98 – Standard&Poor's today revised its CreditWatch implications on UCAR International Inc.'s and subsidiary UCAR Global Enterprises Inc.'s single-'B'-minus corporate credit ratings, and UCAR Global Enterprises' triple-'C' subordinated debt rating to developing from negative. This means ratings could be raised, lowered, or affirmed. The CreditWatch placement followed the company's announcement that it would record a $340 million charge stemming from the antitrust investigation by the U.S. Justice Department and antitrust authorities of the European Union into alleged international price fixing of graphite electrodes. The CreditWatch update follows the company's announcement that it has received a commitment for $700 million of term debt plus a $200 million bank loan facility from three financial
