Solway Group :: SOLWAY`S POSITIVE 'B-'LONG-TERM CORPORATE CREDIT RATING IS AFFIRMED BY S&P
8:31pm on Wednesday 29th November 2017
SOLWAY`S POSITIVE 'B-'LONG-TERM CORPORATE CREDIT RATING IS AFFIRMED BY S&P

S&P Global Ratings this week affirmed its 'B-' long-term corporate credit rating on diversified metals and mining producer Solway Investment Group GmbH.

In their statement S&P confirmed that it continues to believe Solway's diversification in terms of metals, its asset base, and sales geography could strengthen the company's business risk profile.

The agency forecasts leverage to remain moderate in 2017-2018 with debt to EBITDA of about 1.7x-2.0x (compared to 1.0x in 2016), recovering gradually from 2019.