S&P: Susser on positive watch

Standard & Poor's said it placed its B corporate credit and senior unsecured ratings on Susser Holdings LLC on CreditWatch with positive implications.

The agency said that this action follows the company's amended filing of an S-1 for an initial public offering of 6.9 million common shares, including an overallotment of 900,000 shares.

If the IPO transaction is successfully completed as proposed, pro forma TD/EBITDA would improve to about 4.6 times from 5.3 times at the end of 2005, the agency added.

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