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Published on 5/3/2019 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P may raise Avantor’s ratings after IPO

S&P said it is placed its ratings on Avantor Inc., including its B issuer credit rating, on CreditWatch with positive implications.

The company intends to repay debt with IPO proceeds expected to be at least $2.89 billion.

The CreditWatch situation is expected to be resolved within the next 90 days after the proposed IPO and debt repayment, S&P said in a news release.


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