Newalta Corporation: Update to Discussion Following Outlook Change to Stable
CORPORATES CREDIT OPINION 28 November 2017 Update RATINGS Newalta Corporation Domicile Canada Long Term Rating Caa1 Type LT Corporate Family Ratings - Dom Curr Outlook Negative Please see the ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Paresh Chari 416-214-3837Newalta is engaged in providing solutions to industrial customers to improve their environmental performance with a focus on recycling and recovery of products from industrial residues. These services are provided both through Co.'s network of facilities across Canada and at its customers' facilities where Co. mobilize its equipment and people to process material directly onsite. Co.'s customers operate in a range of industries including the oil and gas, petrochemical, refining, lead, manufacturing and mining industries. Co. operates in two segments, the Onsite and the Facilities.
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