Robertshaw US Holding Corp. is issuing secured term loans to fund the organization's buyout by One Rock Capital Partners LLC. Therefore, we are removing our 'B' corporate credit rating on Robertshaw Holdings S.a.r.l and all of our issue-level ratings on Robertshaw US Holding Corp.'s existing debt from CreditWatch, where we placed them with negative implications on Jan. 5, 2018, and are affirming them. At the same time, we are assigning ratings to the company's proposed secured debt issuances. The stable outlook reflects our belief that Robertshaw's performance and financial policies will allow it to maintain adjusted debt-to-EBITDA of less than 7.0x. On Feb. 6, 2018, S&P Global Ratings removed its 'B' corporate credit rating on Robertshaw Holdings S.a.r.l, the Luxembourg-domiciled
