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Published on 6/5/2014 in the Prospect News Investment Grade Daily.

S&P rates Pentair PLC BBB

Standard & Poor’s said it withdrew its BBB/A-2 corporate credit ratings on Pentair Ltd.

The agency also said it assigned a BBB/A-2 corporate credit ratings to the newly formed Pentair PLC.

The outlook is stable.

Pentair Ltd. was merged into Pentair plc and then dissolved, effectively moving the company’s domicile to Ireland from Switzerland, Sarah Wyeth, an S&P analyst, said in a press release.


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