S&P downgrades major methanol, nitrogen producer CEL

Glob­al rat­ing agency S&P has down­grad­ed its long-term is­suer cred­it and is­sue-lev­el rat­ings on Con­sol­i­dat­ed En­er­gy Ltd (CEL), a sub­sidiary of the largest op­er­a­tor on the Point Lisas In­dus­tri­al Es­tate, from B to ‘CCC+’, plac­ing the com­pa­ny deep­er in­to junk-bond sta­tus.