S&P Elevates Century Aluminum Rating as Metrics Improve; Production Restarts and Policy Tailwinds Cited
Summary: S&P Global Ratings raised Century Aluminum Co.'s corporate credit rating to 'B' from 'B-' and upgraded its senior secured debt to 'B+' from 'B', citing stronger credit metrics and expectations that Century's debt-to-EBITDA will fall below 2x in fiscal 2026 and thereafter. The ratings firm also revised aluminum price assumptions higher for …