Moody’s Investors: MTI rating outlook stable after AMCOL acquisition
By Nilima Choudhury
Published: Tuesday, 01 April 2014
The combined business will have positions in precipitated calcium carbonate and bentonite as well as refractory products for the steel industry, which will improve the companies’ end market diversity, compared to as standalone companies.
Moody’s Investors Service has assigned a Ba3 Corporate
Family Rating (CFR) to Minerals Technologies Inc. (MTI) in
connection with its acquisition of bentonite producer
AMCOL.
MTI’s Ba3 CFR reflects the size of the AMCOL acquisition
relative to the company’s existing business, integration
risk associated with such a large transaction with...