S&P affirms Ecolab

Standard & Poor's said it affirmed all ratings, including the BBB+ corporate credit rating, on Ecolab Inc.

The agency said this rating action follows Ecolab's announcement that it has agreed to acquire unrated Champion for a total consideration of about $2.2 billion. Ecolab expects the transaction to close by the end of this year.

"Our view is that the Champion acquisition strengthens the company's market position in the energy services sector and supports the company's current 'excellent' business risk profile," said S&P credit analyst Paul Kurias in a news release.

The stable outlook reflects S&P's view that Ecolab's competitive strengths will support consistent operating results despite the prospects for slow economic growth in its global markets.

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