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S&P: Roper Industries unaffected
Standard & Poor's said its ratings and outlook on Roper Industries Inc. (BB+/positive/--) are not affected by the announcement that it is modestly raising its earnings guidance for 2004.
S&P said the current positive outlook incorporates improving results.
The company's updated guidance reflects Roper's core operating results and excludes the acquisition of TransCore along with a related $5 million-$6 million, net of tax, estimated write-off of deferred financing costs, according to S&P.
S&P said it expects total debt to EBITDA to be in the 3.0x to 3.5x range.
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