Research Update: Sensata Technologies B.V. 'BB-' Rating Placed On CreditWatch Positive On Share Offering That Reduces Bain Capital Stake Dec 12
- Language: English
- Published: December 2012
Almelo, Netherlands.-based Sensata Technologies B.V. announced the results of a modified Dutch auction tender offer to retire some of its debt. The company used cash it raised in a March 11, 2010 IPO by the company's ultimate parent, Sensata Technologies Holding N.V. (unrated). We are raising the ratings on the company, including the corporate credit rating, to 'B' from 'B-'. We also removed the ratings from CreditWatch with positive implications. The outlook is positive. On March 26, 2010, Standard & Poor's Ratings Services raised the ratings on sensors and controls manufacturer Sensata Technologies B.V., including the corporate credit rating, to 'B' from 'B-'. We also removed the ratings from CreditWatch with positive implications. The outlook is positive. The rating actions...
Companies mentioned in this report are:
- Sensata Technologies B.V.
Action: CreditWatch Update
Action: Outlook: Positive
Action: Removed From CreditWatch
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
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