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Article: Burke Industries B+ Rtgs Assigned by S&P;Outlk Stable.
- Article from:
- Business Wire
- Article date:
- August 4, 1997
CopyrightCOPYRIGHT 1997 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK--(BUSINESS WIRE)--S&P CreditWire 8/4/97--Standard & Poor's today has assigned its single-'B'-plus corporate credit rating to Burke Industries Inc.
Burke's $100 million senior unsecured notes due 2007, to be issued in connection with a planned recapitalization, also have been assigned a single-'B'-plus rating.
The ratings outlook is stable.
The ratings reflect Burke's below-average business risk profile as a modest-sized manufacturer of engineered silicone, rubber, and vinyl-based products, and an aggressive financial risk profile.
Burke enjoys dominant positions in niche markets serving the aerospace, defense, ...