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...

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