NEW YORK (Standard&Poor's) Sept. 21, 2005—Standard&Poor's Ratings Services today assigned its 'B+' corporate credit rating to Chart Industries Inc. At the same time, Standard&Poor's assigned its 'B+' rating and '2' recovery rating (indicating substantial recovery of principal (80% to 100%) in the event of a payment default) to the company's proposed $240 million senior secured bank facilities and its 'B-' rating to Chart's proposed $170 million senior subordinated notes due 2015. The senior subordinated notes are rated two notches below the corporate credit rating, as priority debt and other liabilities exceed 30% of assets. The outlook is stable. Chart, headquartered in Garfield Heights, Ohio, manufactures equipment used for low-temperature and cryogenic applications. The company
