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S&P: Koppers view to negative
Standard & Poor's said it revised its outlook on Koppers Inc. to negative from stable.
At the same time, the agency affirmed its BB- corporate credit rating.
"The outlook revision follows the company's announcement that it has signed an agreement to acquire the Wood Preservation and Railroad Services businesses of Osmose Holdings Inc. in an all debt-funded transaction valued at $460 million," S&P credit analyst Daniel Krauss said in a news release.
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