CHICAGO (Oct. 17)—Fitch Ratings has downgraded Omnova Solutions Inc.'s senior secured credit facility to BB from BB+, and senior secured notes to B+ from BB. Fitch said the rating outlook for the company remains negative, and the dowgrading reflects the firm's weak operating results during the third quarter, crude oil price volatility and higher than expected leverage.
Fitch downgrades Omnova Solutions rating
Rubber & Plastics News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].