S&P could lift Capital Safety

Standard & Poor's said it placed its ratings, including its B corporate credit rating, Capital Safety Group Sarl on CreditWatch with positive implications.

"The rating action follows the announcement that higher-rated 3M Co. plans to acquire Capital Safety for about $2.5 billion," S&P credit analyst Svetlana Olsha said in a news release.

The agency expects that all of Capital Safety's outstanding senior secured rated debt would be repaid as part of the transaction.

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