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[March 2007]
SGL Group Receives Rating Upgrade from Standard & Poor's
SGL Group (Wiesbaden, Germany) has received an upgrade from the rating agency Standard & Poor's on its credit worthiness. The rating of the SGL Carbon AG Corporate Family was raised by one notch from 'BB' to 'BB' with a stable outlook. The rating on senior notes of SGL Carbon Luxembourg were raised from 'B' to 'B+'.These upgrades will favourably impact potential future financial undertakings of the SGL Group. According to Standard & Poor's, the higher rating is largely a consequence of improving and healthy operating performance. Higher profitability, increased funds of operations and a decline in debt in 2006 are major reasons for this rating upgrade.
www.sglcarbon.de
ENDS