Cranbury, N.J.-Specialty phosphate producer Innophos Holdings Inc. reported that on May 18, 2010, Standard & Poor’s Ratings Services upgraded its corporate family rating to BB- (from B+), with a positive outlook and upgraded ratings on its $190 million 8.875 percent senior subordinated notes due 2014. Earlier this year, Moody’s Investors Service changed the outlook on Innophos ratings to positive from stable and affirmed Innophos’ Ba3 Corporate Family Rating (CFR) and SGL-1 Speculative Grade Liquidity rating.
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