S&P might lift Coyote Logistics

Standard & Poor's said it placed its ratings on Coyote Logistics LLC, including the B- corporate credit rating on the company, on CreditWatch with positive implications.

"The CreditWatch placement follows UPS' announcement that it is planning to buy Coyote for $1.8 billion," S&P credit analyst Tatiana Kleiman said in a news release. "We expect that all of Coyote's outstanding debt will be repaid as part of the transaction."

The transaction is subject to the customary regulatory approvals and is expected to close in the third quarter of 2015.

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