The Japanese Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
- Published: February 2012
ABB Ltd. has announced that it has entered into an agreement to acquire Baldor Electric Co. We are placing our ratings, including the 'BB-' corporate credit rating, on Baldor on Credit Watch with positive implications. We will likely withdraw the ratings if the company's rated debt is repaid as part of the transaction. On Nov. 30, 2010, Standard & Poor's Ratings Services placed its ratings on Fort Smith, Ark.-based motor and power transmission product manufacturer Baldor Electric Co. (Baldor), including the 'BB-' corporate credit rating, on CreditWatch with positive implications. The rating action follows ABB Ltd.'s announcement that it has entered into an agreement to acquire all of the outstanding shares of Baldor for $63.50 per share in cash. We...
Companies mentioned in this report are: Baldor Electric Co.,ABB Ltd.
Action: On CreditWatch:Positive
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Baldor Electric Co.,ABB Ltd.
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