MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services placed its
long-term 'B-' corporate credit rating on FR X Ohmstede Acquisitions Co on
creditwatch with positive implications.
The rating action follows the announcement of the 455 mln usd all-cash
purchase of Ohmstede by Emcor Group Inc.
S&P said the watch status on Ohmstede reflects Emcor's superior credit
strength.
S&P will resolve the watch listing once the transaction closes, which should
occur in late September or early October.
TFN.newsdesk@thomson.com
jro/jro
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