U.S.-based specialty chemical company Ecolab Inc. announced that it plans to repurchase about $1 billion of its equity shares after it completes its acquisition of water treatment company Nalco Holding Co. Our ratings on Ecolab Inc., including our 'A' corporate credit rating, remain on CreditWatch, where we placed them with negative implications on July 20, 2011. Our ratings on Nalco Co., including our 'BB-' corporate credit rating, remain on CreditWatch with positive implications. NEW YORK (Standard&Poor's) Sept. 7, 2011--Standard&Poor's Ratings Services said today that its 'A' corporate credit rating, 'A-1' short-term rating, and issue ratings on Ecolab Inc. remain on CreditWatch with negative implications. Specialty chemical company Ecolab announced yesterday that it plans to buy back
