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S&P rates Edgen Murray B, loans B, CCC+
Standard & Poor's said in a corrected rating that it assigned its B corporate credit rating to Edgen Murray LP.
The outlook is stable.
At the same time, S&P said it assigned its B senior secured and 3 recovery rating to Edgen Murray LP's proposed $425 million first-lien term loan due in 2014.
The agency said it also assigned its CCC+ senior secured bank loan and 5 recovery rating to Edgen Murray LP's proposed $75 million second-lien term loan due in 2015.
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