(Reuters) - "The outlook revision reflects our expectations that the
company should be able to reduce its borrowings, specifically
the $2.45 billion under its term loan A facility, in a
reasonable time frame to warrant an upgrade of the corporate
credit rating to investment grade," S&P said in a statement.
"Commodity end markets remain robust, which should help to
reduce unadjusted debt levels to about $7.0 billion to $7.2
billion from about $9.7 billion currently," S&P said.
Read more at Reuters.com Bonds News
company should be able to reduce its borrowings, specifically
the $2.45 billion under its term loan A facility, in a
reasonable time frame to warrant an upgrade of the corporate
credit rating to investment grade," S&P said in a statement.
"Commodity end markets remain robust, which should help to
reduce unadjusted debt levels to about $7.0 billion to $7.2
billion from about $9.7 billion currently," S&P said.
Read more at Reuters.com Bonds News
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