NEW YORK (Standard&Poor's) July 28, 2011--Standard&Poor's Ratings Services said today that it has assigned its issue-level and recovery ratings to Chart Industries Inc.'s proposed $230 million convertible senior subordinated notes due 2018. The issue rating is 'B+' (one notch below the corporate credit rating). At the same time, we assigned a recovery rating of '5', indicating our expectation of modest (10%-30%) recovery in the event of a payment default. "Our recovery analysis incorporates Chart Industries' plan to use the proceeds from the proposed notes offering to, among other things, redeem its senior subordinated notes due 2015," said Standard&Poor's credit analyst Patrick Lee. For the complete recovery analysis, see Standard&Poor's recovery report on
