Charlotte-based diversified manufacturer EnPro Industries Inc. is refinancing its existing debt. We are assigning our 'BB-' corporate credit rating to EnPro. We are also assigning our 'BB-' issue rating and '4' recovery rating to the company's proposed $300 million senior unsecured notes. The stable outlook reflects our expectation that EnPro will benefit from moderate top-line growth amid generally improving economic conditions in its key geographical markets. NEW YORK (Standard&Poor's) Sept. 8, 2014--Standard&Poor's Ratings Services today assigned its 'BB-' corporate credit rating to EnPro Industries Inc. The outlook is stable. At the same time, we assigned our 'BB-' issue rating and '4' recovery rating to EnPro's proposed $300 million senior unsecured notes due 2022. The '4' recovery