S&P: Lincoln Holdings on positive watch

Standard & Poor's said it placed its ratings on Lincoln Holdings Enterprises Inc., including the B corporate credit rating, on Creditwatch with positive implications.

The action follows the announcement by SKF AB (A-/stable) that it has agreed to acquire Lincoln Holdings for $1 billion in cash on a debt-free basis, the agency said.

According to S&P, Lincoln's ratings will benefit from SKF's higher credit quality, whose ratings are higher than Lincoln's current B corporate credit rating.

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