S&P: EnergySolutions on developing watch

Standard & Poor's said it placed its ratings, including its B corporate credit rating, on EnergySolutions Inc. on CreditWatch with developing implications.

"The CreditWatch placement follows EnergySolutions' announcement that it has entered into a definitive agreement to be acquired by a subsidiary of Energy Capital Partners II," said S&P credit analyst Jim Siahaan in a news release.

S&P said it plans to meet with management to discuss the acquisition and to resolve the CreditWatch following a review of the transaction. The agency said it expects to resolve the CreditWatch during the next several weeks after evaluating the new capital structure, the sponsor's financial policies and management's business strategies.

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