S&P's Seacor ratings unaffected

Standard & Poor's said that Seacor Holdings Inc.'s (BBB-/negative) rating would be unaffected by its offer to guarantee the outstanding $138 million of subsidiary Seabulk International Inc.'s BB+ 9½% senior notes due 2013, assuming certain amendments are accepted by existing Seabulk noteholders.

On the successful completion of the consent solicitation and offer to guarantee Seabulk's $138 million senior notes, the Seabulk notes will be viewed as equal in rank to Seacor's senior unsecured debt and will be rated BBB-, the agency said.

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