S&P affirms Triton Container

Standard & Poor's said it affirmed all of its ratings on Triton Container International Ltd., including the BB+ corporate credit rating.

The outlook is stable.

"Based on our preliminary knowledge of the proposed merger, we do not expect that there will be any new debt issuance and thus do not believe that the transaction will have a significant impact on the combined entity's credit metrics," S&P credit analyst Betsy Snyder said in a news release.

"The companies will combine under a newly-formed holding company, Triton International Ltd., and their existing debt facilities will largely remain in place."

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