S&P puts Claymont ratings on CreditWatch

Dec 12, 2007 | 02:11 PM |

Standard & Poor's Ratings Services has placed all of its ratings for Claymont Steel Inc., including its 'B' corporate credit rating, on CreditWatch with positive implications. The move was prompted by Evraz Group SA's plans to acquire the steelmaker.

"The positive implications indicate the potential for an upward rating action, based on Claymont's definitive agreement to be acquired by Evraz Group SA (rated BB– with a positive outlook)," Standard & Poor's credit analyst Sherwin Brandford said. Upon....

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