Global Houghton Ltd. Ratings Withdrawn

NEW YORK (S&P Global Ratings) Aug. 16, 2019--S&P Global Ratings today withdrew all ratings on Philadelphia, Pa.-based Global Houghton Ltd., including the 'B' issuer credit rating on Global Houghton Ltd., the 'B' issue-level rating on the company's secured first-lien debt, and the 'CCC+' issue-level rating on the company's secured second-lien debt. At the time of withdrawal the issuer credit rating had a developing outlook. The withdrawal follows the close of Houghton's combination with Quaker Chemical Corp. and the corresponding full repayment of Houghton's debt, which occurred on Aug. 1, 2019.
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