S&P: Sidera unchanged

Standard & Poor's said the B ratings and stable outlook on Sidera Networks Inc. are not immediately affected by news that the company is being acquired by Berkshire Partners LLC.

Upon completion of the buyout, Berkshire plans to merge Sidera with Lightower Fiber Networks. The existing rating already incorporates the company's private equity ownership and high debt leverage, S&P said.

The agency added that it will continue to monitor developments related to the announced transaction and it could affect the company's ratings.

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