MRC Global Announces Moody's Upgrade in Credit Rating To ‘B1' from ‘B2', Outlook Stable

HOUSTON, Oct. 15, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC), today announced that Moody's Ratings ("Moody's") upgraded the company's corporate family rating to 'B1' from 'B2' with a stable outlook. Also, in conjunction with the company's issuance of a new Term Loan B, Moody's upgraded the rating of the anticipated Term Loan B to a 'B2', a level higher than the company's previous term loan. Moody's based its ratings upgrade, in part, on the company's moderate leverage and ample interest coverage, ...