S&P puts SCS Holdings on positive watch

S&P said it placed its ratings for SCS Holdings I Inc. (Sirius Computer Solutions Inc.) on CreditWatch with positive implications.

The placement follows Sirius agreeing to be acquired by CDW Corp. for $2.5 billion.

“The transaction will be a 100% cash acquisition. We expect all Sirius debt will be repaid upon closing,” the agency said in a press release.

S&P said it aims to resolve the CreditWatch over the next 90 days, when the deal closes or once it has more details on the new capital structure.

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