S&P: Eco-Bat unchanged

Standard & Poor's said its ratings and outlook on Eco-Bat Technologies Ltd. (B/stable/--) and related entities remain unchanged following an increase in the proposed pay-in-kind notes issue by its majority shareholder, EB Holdings Inc. (B/stable/--) to €250 million from €200 million.

The rating on the new PIK notes also remains unchanged at CCC+, which is two notches below the corporate credit ratings on Eco-Bat and its majority shareholder EB Holdings.

The rating on the proposed PIK notes is subject to documentation.

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