Tronox resolute despite S&P downgrade

By Myles McCormick
Published: Wednesday, 02 September 2015

The global TiO2 producer has said that there is no change in risk to its debt or the company as a whole, as S&P reduces its rating in the midst of a weak TiO2 pigment market.

Tronox Ltd has reaffirmed its commitment both to reducing leverage and to continuing its current dividend payment, following a decision by ratings agency Standard and Poor’s (S&P) to reduce its debt rating by one notch.

S&P pointed to "continued softness" in the titanium dioxide (TiO2) pigment market as...

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