TEXT-S&P puts Tomkins ratings on watch neg on acquisition news

Newswire

(The following statement was released by the ratings agency) July 28 - -- Tomkins PLC , the parent company of Tomkins Finance PLC, has reached an agreement for a cash acquisition by Onex Group and Canada Pension Plan Investment Board. -- We are placing the 'BBB' long-term, and the 'A-2' short-term, corporate credit ratings on Tomkins Finance on CreditWatch with negative implications. -- The CreditWatch placement reflects our view that the Tomkins group's capital structure will be ...

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