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Fitch Ratings Assigns ''BB'' to Kronos International Notes.

Publication: Business Wire
Publication Date: 13-JUN-02 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors

CHICAGO--(BUSINESS WIRE)--June 13, 2002

Fitch Ratings has assigned a rating of 'BB' to the proposed offering of senior secured notes by Kronos International Inc. (KII), a wholly owned subsidiary of NL Industries. Fitch has concurrently affirmed NL Industries' (NL) senior secured rating of 'BB'. The Rating Outlook is Stable.

Proceeds from the proposed offering of Euro 270 million in senior secured notes due 2009 are expected to be used to fund the redemption of the remaining $169 million of NL senior secured notes due 2003. Additionally, cash...

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