S&P: Key Components still on watch positive

Standard & Poor's said that its ratings on Key Components LLC, the operating company of Key Components Inc., remain on CreditWatch positive, where they were placed Nov. 22. At that time, the company announced that it was being acquired by Actuant Corp. (BB/Watch Negative/--).

On watch are Key Components LLC's B+ corporate credit rating and B- senior unsecured notes.

S&P said the acquisition has now been completed, and Actuant has called the rated Key Components debt for redemption, which is expected to occur in January.

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