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Article: S&P puts American Hoechst, Celanese issues on Creditwatch. (Standard & Poor's)
- Article from:
- Daily News Record
- Article date:
- November 4, 1986
CopyrightCOPYRIGHT 1986 Conde Nast Publications, Inc. 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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S&P Puts American Hoechst, Celanese Issues on Creditwatch NEW YORK (FNS) -- In response to the merger agreement between Celanese and American Hoechst valued at $2,848,000,000, Standard & Poor's put American Hoechst Corp's triple-B-plus rated senior debt on its creditwatch surveillance list with positive implications.
Also put on creditwatch with developing implications were Celanese Corp's single-A-minus rated senior debt, its triple-b-plus rated convertible subordinated debentures, and its ...