TEXT-S&P cuts GenTek Inc corporate credit rating to SD

Newswire

(Press release provided by Standard & Poor's) NEW YORK, July 30 - Standard & Poor's Ratings Services said today that it lowered its corporate credit rating on specialty components and performance chemicals manufacturer GenTek Inc. to 'SD' from triple-'C' following the company's announcement that it has received a blockage of interest payment notice from its senior lenders regarding the company's 11% senior subordinated notes due 2009. Additionally, Standard & Poor's removed ...

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