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
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