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S&P rates BJ Services notes BBB+
Standard & Poor's said it affirmed the BBB+ rating on BJ Services Co. (BBB+/stable) and assigned a BBB+ senior unsecured rating to $250 million 10-year senior notes.
The outlook is stable.
Proceeds will be used to refinance BJ's outstanding 3.35% floating rate senior notes due June 2008.
Credit metrics are expected to remain largely unchanged after completion of the refinancing, S&P said
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