| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for AT Holdings Corp. > News item |
S&P: Argo-Tech on positive watch
Standard & Poor's said it placed its ratings on Argo-Tech Corp. and its parent, AT Holdings Corp., including the B+ corporate credit ratings on both companies, on CreditWatch with positive implications.
According to the agency, the CreditWatch placement follows the announcement that AT Holdings and Argo-Tech will be acquired by Eaton Corp. (A/stable/A-1) for $695 million.
The transaction does not include Argo-Tech's cryogenics and other nonaerospace businesses, which comprised about 10% of fiscal 2006 revenues, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.