S&P puts Deck Chassis on watch

S&P said it placed all of its ratings on Deck Chassis Acquisition Inc. on CreditWatch with negative implications.

The agency said the placement reflects the company's announcement that it is has reached an agreement to acquire TRAC Intermodal's domestic chassis fleet.

“The company did not provide any details about the final purchase price or how it plans to finance the transaction. Depending on this information, we believe there is a possibility that Deck Chassis' credit metrics may weaken below our expectations for the current rating,” S&P said in a news release.

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