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TEXT-S&PBulletin: MEMC Elect Mat Inc. Rtg Unaffected By $200M Issue

Tue Oct 2, 2012 8:05pm EDT

SAN FRANCISCO (Standard & Poor's) Oct. 2, 2012--Standard & Poor's Ratings Services 'B+' corporate credit rating (CCR) and 'B+' senior unsecured issue rating on MEMC Electronic Materials Inc. is unaffected by the company's recent $200 million term loan debt issuance. The outlook is negative. MEMC will use the term loan for general corporate purposes in addition to providing additional liquidity for the company. Standard & Poor's does not rate the new term loan.
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