S&P might lift Meter Readings

S&P said it placed all of the ratings on Meter Readings Holding LLC on CreditWatch with positive implications.

The agency said the CreditWatch placement follows Hubbell Inc.'s announcement that it entered into a definitive agreement to acquire Meter Readings’ parent, Aclara Technologies, for $1.1 billion.

“We expect Aclara to become a core part of Hubbell's power platform, which would lead us to equalize our corporate credit rating on Meter Readings with our corporate credit rating on Hubbell,” S&P said in a news release.

© 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.