NS Group, Inc. requested Standard & Poors to cancel its service to provide ongoing coverage in order to save annual fees. The company states that it lacks the need for a debt rating because it has no outstanding long-term debt.

S&P Ratings Services withdrew NS Group’s credit rating at the company's request. The company believes S&P’s announcement lacked clarity as to the reason regarding withdrawal of its rating, thus necessitating this follow-up announcement.

NS Group, Inc. is a leading producer of seamless and welded tubular products serving the energy industry. These products are used in the drilling, exploration and transmission of oil and natural gas. The company's tubular products are marketed primarily in the United States and certain foreign markets.