S&P lifts Chart Industries

Standard & Poor's said it raised its senior subordinated debt ratings on Chart Industries Inc. to BB- from B+ and revised the recovery rating on this debt to 3, indicating an expectation of meaningful recovery (50% to 70%) in the event of a payment default, from 5.

S&P said the rating action incorporates its expectation for higher valuation upon emergence from default. This reflects S&P's view of the company's improved earnings performance over the past several years.

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