S&P lifts Ozburn-Hessey after acquisition

Standard & Poor’s said it raised the corporate credit rating on Ozburn-Hessey Holding Co. LLC to B from B- and removed all of the ratings from CreditWatch, where they were placed with positive implications in August.

This action follows the completion of Geodis’ acquisition of Ozburn-Hessey in November, along with the full redemption of Ozburn-Hessey’s bonds.

The agency then said it withdrew the ratings on Ozburn-Hessey at the company’s request.

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