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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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