Tronox resolute despite S&P downgrade
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...