S&P puts Aldevron on positive watch

S&P said it placed all its ratings on Aldevron LLC and its rated subsidiaries on CreditWatch with positive implications.

The placement follows Danaher Corp.'s announcement it plans to acquire Aldevron, S&P said.

“It reflects that we are likely to raise, withdraw, or discontinue our ratings on Aldevron upon close. In our view, Aldevron would belong to a group with a stronger credit profile, and Danaher would likely provide some support to Aldevron if the company falls into financial difficulty,” the agency said in a press release.

S&P said it plans to resolve the CreditWatch once the deal closes.

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