Moody's may lift Maverick convertibles

Moody's Investors Service said it put Maverick Tube Corp.'s Ba3 corporate family rating and B2 rating on its $250 million convertible senior subordinated notes under review for a possible upgrade.

The ratings review accompanies Maverick's pending acquisition by Tenaris, SA, which is not rated by Moody's, for $3.185 billion, including the assumption of Maverick's net debt, the agency said.

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