Moody’s Rating Upgrade for Orion Engineered Carbons

LUXEMBOURG–(BUSINESS WIRE)–$OEC #chemicals–Orion Engineered Carbons S.A. (NYSE: OEC), a worldwide supplier of specialty and high-performance Carbon Black, today announced that Moody’s upgraded its corporate family rating (CFR) to Ba2 from Ba3 on November 15, 2018. Concurrently Moody’s upgraded Orion’s probability of default rating (PDR) to Ba2-PD from Ba3-PD. Moody’s has also upgraded to Ba2 from Ba3 the rating of the term loan facilities and of the €175 million multi-currency revolving credit facility (‘RCF