Form 6-K Constellium N.V. For: Oct 10
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S&P Pplaces Constellium N.V. (CSTM) on CreditWatch Negative
October 10, 2014 2:16 PM EDTStandard & Poor's Ratings Services said today that it had placed its 'BB-' long-term corporate credit rating on France-based aluminum producer Constellium N.V. (NYSE: CSTM) on CreditWatch with negative implications.
At the same time, we placed our 'BB-' rating on the 300 million bond maturing 2021 and our 'BB-' rating the $400 million bond maturing 2024 on CreditWatch with negative implications. The recovery rating on these bonds is '4'.
The CreditWatch placement follows Constellium's announced plans to acquire U.S.-based aluminum can sheet... More
