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S&P ups Sunstate Equipment
Standard & Poor's said it raised its long-term corporate credit rating on Sunstate Equipment Co. LLC by one notch to B+ and raised the secured debt rating two notches to B+.
At the same time, S&P removed all ratings from CreditWatch with positive implications.
The outlook is stable.
S&P said the upgrade reflects improvement in Sunstate's credit measures, which exceed ratios compatible with the prior rating.
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