Market Monitor

May 16, 2012 at 15:15 PM EDT
TEXT-S&P affirms Global Brass & Copper ratings
Overview -- We expect U.S.-based Global Brass and Copper Inc.'s operating results to strengthen as a result of improving end-market demand leading to increased volumes and pricing. -- We are assigning our 'B' issue-level rating on Global Brass and Copper Inc.'s proposed $375 million senior secured notes due May 2019. The recovery rating is '5'. -- At the same time we are affirming our ratings on the company, including the 'B+' corporate credit rating. -- The st
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