E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/1/2011 in the Prospect News Bank Loan Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

S&P lifts Dresser from junk

Standard & Poor's said it raised the corporate credit rating on Dresser Inc. to AA+ from B following GE's (AA+/stable/A-1+) acquisition of Dresser and subsequently withdrew all our ratings on the company.

The agency removed the ratings from CreditWatch, where it had been placed with positive implications on Oct. 6, following the acquisition announcement.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.