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Published on 12/10/2010 in the Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

S&P puts Beckman on developing watch

Standard & Poor's said it placed Beckman Coulter Inc.'s BBB rating on CreditWatch with developing implications.

The company is reportedly weighing strategic options that include a potential sale.

The developing CreditWatch implications reflect the likelihood of a downgrade should Beckman be acquired by a private-equity firm and the likelihood of an upgrade if it is acquired by a much higher rated entity, S&P said.


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