On April 23, 2008, Standard&Poor's Ratings Services revised its outlook on Chart Industries Inc. to positive from stable and affirmed its 'B+' corporate credit rating on the company. The revised outlook reflects strong operating performance and a significant improvement in leverage. Since we initially rated the company, Chart has doubled its EBITDA from approximately $50 million to more than $100 million and its backlog from less than $200 million to more than $450 million. In addition, Chart has repaid $90 million on its term loan. The strong operating performance in its distribution and storage business has been driven by rising GDP levels, and growth in its energy and chemicals segment has resulted from an increasing number of equipment
