09:50 AM EDT, 03/15/2024 (MT Newswires) -- U.S. Silica Holdings ( SLCA ) said Friday that Moody's Ratings upgraded its corporate family rating to B1 from B2, with the outlook revised to stable from positive.

The company said Moody's upgrade followed S&P Global's reiteration of a B issuer credit rating on U.S. Silica Holdings ( SLCA ) and outlook upgrade to positive from stable.

U.S. Silica Holdings ( SLCA ) said the recent rating and outlook changes reflect its improving credit profile amid its flexible cost structure, debt reduction efforts, and earnings growth in its industrial segment.

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