S&P rates Baker Hughes A+, lifts debt to A+

S&P said it assigned an A+/A-1 corporate credit rating to Baker Hughes Inc.

The outlook is stable, reflecting the stable outlook on General Electric Co.

S&P also said it raised the long-term issue-level rating on Baker Hughes' senior unsecured debt to A+ from A and removed the rating from CreditWatch, where it was placed with positive implications in October 2016.

The agency also said it affirmed the short-term A-1 rating on the company's commercial-paper program and removed the rating from CreditWatch, where they were placed with positive implications in October 2016.

The ratings reflect a belief that the company is highly strategic to General Electric, S&P said.

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