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S&P: Dresser on positive watch
Standard & Poor's said that Dresser Inc.'s ratings, including its B corporate credit rating, remain on CreditWatch, where they were placed with positive implications on Oct. 6.
The CreditWatch placement followed the announcement that the company entered into an agreement to be acquired by General Electric Co. (GE; AA+/Stable/A-1+), S&P said.
The positive CreditWatch listing reflects GE's superior credit strength.
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