S&P lifts Therma-Tru to investment grade

Standard & Poor's said it raised its corporate credit and senior secured bank loan ratings on Therma-Tru Corp. to A from BB- and removed the ratings from CreditWatch with positive implications.

S&P said the rating actions follow the recently completed acquisition of Therma-Tru by Fortune Brands Inc.

The ratings of Therma-Tru will subsequently be withdrawn, the agency said.

Maumee, Ohio-based Therma-Tru is a leading manufacturer of fiberglass and steel residential entry doors. Debt outstanding on Sept. 30 was about $245 million.

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