Charterhouse suffers ratings blow on Lucite

Wednesday 2 January 2008 at 17:17

Secretive UK-based buyout firm Charterhouse Capital Partners has seen one of its oldest portfolio companies put on rating agency review for a potential downgrade of its debt having missed the chance to sell out.

Moody's said chemicals company Lucite's $1.1bn (€750m) of debt was held at B1 but the outlook was changed to negative from stable.