On Sept. 21, 2005, Standard&Poor's Ratings Services assigned its 'B+' corporate credit rating to Chart Industries Inc. (Chart). At the same time, Standard&Poor's assigned its 'B+' rating and a '2' recovery rating to the company's proposed $240 million senior secured bank facilities (indicating substantial recovery of principal (80% to 100%) in the event of a payment default) 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 is expected
