...+ The owners of Neovia Logistics LLC, Platinum Equity Capital Partners III L.P. and Caterpillar Inc., are selling their ownership positions to a consortium of investors led by The Goldman Sachs Group Inc. and Rh(ne Capital LLC for $1.1 billion. + Neovia expects its rated debt to stay in place (which will require a change of control waiver), though it is entering into a new unrated revolving credit facility. + We are affirming our ratings on Neovia, including the 'B' corporate credit rating. + The stable outlook reflects our expectation that the company's credit metrics will improve over the next 12 months as it completes the investments it has been making to become an independent company following its spinoff from Caterpillar Inc. in mid-2012. WASHINGTON D.C. (Standard & Poor's) Oct. 28, 2014--Standard & Poor's Ratings Services said today that it affirmed its ratings, including the 'B' corporate credit rating, on Neovia Logistics LLC. The outlook on the corporate credit rating remains stable....
