U.S. engineered industrial products manufacturer EnPro Industries Inc. has demonstrated a track record of operating at reduced debt leverage following the reconsolidation of its subsidiary Garlock Sealing Technologies (GST) on July 31, 2017. We expect EnPro to maintain debt to EBITDA between 2x and 3x on an S&P-adjusted basis since we believe that acquisitions and share buybacks may limit the extent of deleveraging going forward. We are raising all of our ratings on EnPro, including our issuer credit rating to 'BB' from 'BB-'. The stable outlook reflects our expectation for operational consistency and modestly improving conditions in EnPro's key end markets over the next 12 months. On Sept. 20, 2018, S&P Global Ratings raised all of its ratings on Charlotte,
