S&P: Newpark unchanged

Standard & Poor's said its ratings and outlook on Newpark Resources Inc. (B+/stable) are not affected by the company's announcement that it is postponing the sale of its environmental services division until the second quarter of 2008.

The agency said that it views the proposed sale, for $80 million, as favorable for credit because a portion of the proceeds will be applied toward debt repayment under the senior secured facilities and because exiting the segment allows the company to focus more closely on its core drilling fluids operations.

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