S&P might cut Wesco

Standard & Poor's said it placed its BB- corporate credit rating on Wesco Aircraft Holdings Inc. on CreditWatch with negative implications.

The CreditWatch placement follows Wesco's announcement that it plans to buy Hass Group International Inc. for $550 million.

"We believe the acquisition will result in pro forma debt to EBITDA increasing significantly from 2.6x as of the 12 months ending Sept. 30, 2013," S&P credit analyst Tatiana Kleiman said in a news release.

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