S&P puts Carmeuse Lime on positive watch

Standard & Poor's said it placed Carmeuse Lime BV's B+ senior secured debt rating and the B+ long-term corporate credit rating of LVI Holding NV, the holding company for the Carmeuse Lime, on CreditWatch with positive implications following LVI's further debt reduction in 2005 and improved profitability.

S&P said the CreditWatch placement reflects LVI's deleveraging in past years as a result of steadily improved operating performance, particularly at its North American unit and at its Central and Eastern Europe operations. Key credit protection measures and liquidity have improved substantially and exceed levels needed for the current rating.

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