• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Research Update: Sensata Technologies B.V. Ratings Raised; Off Watch, Outlook Positive Mar 10 Product Image

Research Update: Sensata Technologies B.V. Ratings Raised; Off Watch, Outlook Positive Mar 10

  • ID: 2127578
  • March 2010
  • Standard & Poors

FEATURED COMPANIES

  • Sensata Technologies B.V.
  • MORE

Abstract
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
Action: Upgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance READ MORE >

Note: Product cover images may vary from those shown

RELATED PRODUCTS