S&P may lift RONA

Standard & Poor's said it placed its ratings on RONA Inc., including its BBB- long-term corporate credit rating on the company, on CreditWatch with positive implications.

"The CreditWatch placement follows Lowe's Cos. Inc.'s announcement of a non-binding proposal to acquire RONA," said S&P credit analyst Donald Marleau in a news release.

"The CreditWatch placement reflects our view of the potential uplift for RONA creditors from the possible acquisition of the company by the higher-rated Lowe's," Marleau said.

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