S&P: JDA on positive watch

Standard & Poor's said it placed its B+ corporate credit rating on JDA Software Group Inc. on CreditWatch with positive implications.

The agency said that the BB- issue-level rating on the company's secured loan, as well as the recovery rating of 2 on this debt, indicating the expectation for substantial recovery in the event of a payment default, was affirmed.

S&P added that the CreditWatch listing follows the announced acquisition of unrated I2 Technologies Inc. for a net purchase price of $346 million.

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