S&P cuts Thermadyne

Standard & Poor's said it lowered its ratings on Thermadyne Holdings Corp., including its corporate credit rating to CCC from B-.

The outlook remains negative.

"The downgrade reflects deterioration in liquidity due, in part, to uncertainty about whether the company can meet the filing deadlines for financial reports required by its lender and bondholders and concern that liquidity pressures could jeopardize payment of financial obligations," said S&P credit analyst Anita Ogbara.

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