TEXT-S&P says Keystone rtgs unaffected after recent recap update


(The following statement was released by the rating agency) Feb 23 - Standard & Poor's Ratings Services said today that its ratings and outlook on Exeter, Pa.-based Keystone Automotive [BAINPK.UL] Operations Inc. (CC/Negative/--) are currently unaffected following the company's recently announced exchange offer to repay in full the existing asset-based loan (ABL) and existing senior secured term loan and to convert the existing senior subordinated notes into equity. The exchange ...

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