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S&P puts Ei Group on CreditWatch negative
S&P said it put Ei Group plc on CreditWatch negative.
Ei’s board reached an agreement for the company to be acquired by Stonegate Pub Co. Ltd.
S&P sees the benefits to the deal possibly being offset by added debt and restructuring costs.
As a result, the group’s B rating was placed on CreditWatch as was BB- issue-level rating for Ei’s senior secured notes and the B rating on its notes due 2024.
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