MRC Global Announces S&P Upgrade in Credit Rating To "B" from "B–", Outlook Stable

HOUSTON, May 15, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE:MRC), (the "Company"), the leading global distributor of pipe, valves, fittings and infrastructure products and services to diversified energy, industrial and gas utilities end-markets, today announced the Company's issuer credit rating has been upgraded to "B" from "B–" by S&P Global Ratings ("S&P"). S&P based its ratings upgrade in part due to the Company's ability to address its upcoming Term Loan B maturity with cash on hand, expected stron ...