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S&P may upgrade Milacron; assigns notes B+
Standard & Poor's said it placed its corporate credit rating on Milacron Holdings Inc. on CreditWatch with positive implications.
"The positive implication of the CreditWatch listing reflects our view that Milacron's business risk profile has improved sufficiently to support a higher rating," said S&P credit analyst Gregoire Buet in a news release.
The agency said it also assigned a B+ issue rating and 4 recovery rating to the company's proposed $265 million senior secured notes due 2019.
The B rating on Milacron LLC's existing senior secured term loan is not on CreditWatch.
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