Moody's assigns (P)B1 CFR to Ferroglobe, (P)B3 rating to its Senior Unsecured Notes; stable outlook
London, 01 February 2017-- Moody's Investors Service has today assigned a provisional B1 corporate family rating to Ferroglobe PLC, the company formed via the merger of Ferroatlantica SA and Globe Specialty Metals, Inc. completed in December 2015. Concurrently, Moody's has assigned a provisional B3 rating to the $350 million of senior unsecured notes due 2022 to be issued by Ferroglobe and its US subsidiary Globe. The proceeds of the notes will be mainly used to repay the...
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