S&P gives Roper notes BBB-

Standard & Poor's said it assigned a BBB- rating to Roper Industries Inc.'s offering of $350 million senior unsecured notes due 2013.

At the same time, S&P said it assigned preliminary BBB- and preliminary BB+ ratings to senior unsecured and subordinated debt securities filed by Roper Industries Inc. as part of a Rule 415 shelf registration dated July 29.

This filing falls under the SEC's well-known seasoned issuer rules, which do not require a dollar amount of securities to be registered, the agency said, adding that it expects the company to use proceeds from the offering to reduce outstanding debt.

"The ratings on Roper Industries, a diversified manufacturer of industrial products, continues to reflect the company's satisfactory business profile, which is marked by leading positions in profitable niche markets and by its broad product, end-market and geographic diversity," said S&P credit analyst John Sico.

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