Superior Essex Receives Credit Rating Upgrade from Standard & Poor's
25 Aprile 2008 - 10:00PM
Business Wire
Superior Essex Inc. (NASDAQ: SPSX) today announced that Standard
& Poor�s Ratings Services (S&P) has upgraded the ratings
assigned to the Company, its senior secured credit facility and its
senior secured notes. Ratings Summary: � Updated � Previous
Corporate credit rating BB BB- Senior secured credit facility ($225
million) BBB- BB+ Senior notes ($252 million) BB- B+ Outlook Stable
Stable �We�re pleased with the acknowledgement of our deliberate
and conscientious efforts to proactively position our balance
sheet,� said Stephen M. Carter, chief executive officer for
Superior Essex. �Even with substantial acquisition activity over
the past 12 months, we have kept the Company�s cash flow, capital
structure and financial stability at the forefront of our corporate
goals.� ABOUT SUPERIOR ESSEX Superior Essex�Inc., a FORTUNE 1000
company, is one of the largest wire and cable manufacturers in the
world. The Company manufactures and supplies a broad portfolio of
wire and cable products for the Communications, Energy, Automotive,
Industrial, and Commercial & Residential end-markets.�It is a
leading manufacturer of magnet wire, fabricated insulation
products, and copper and fiber optic communications wire and cable.
It is also a leading distributor of magnet wire, insulation and
related products. Additional information on the Company can be
found on its Web site at superioressex.com.
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