Equity sponsor One Rock Capital Partners has announced that it is acquiring Itasca, Ill.-based home appliance and other commercial controls manufacturer Robertshaw Controls Co. (Robertshaw). Therefore, we are placing our 'B' corporate credit rating on Robertshaw's Luxembourg-domiciled indirect parent, Robertshaw Holdings S.a.r.l, and all of our issue-level ratings on the secured debt held by its financing subsidiary, Robertshaw US Holding Corp., on CreditWatch with negative implications. We will resolve the CreditWatch placement at the close of the transaction. On Jan. 5, 2018, S&P Global Ratings placed its 'B' corporate credit rating on Robertshaw Holdings S.a.r.l on CreditWatch with negative implications. At the same time, we placed all of our issue-level ratings on the secured debt held by Robertshaw's financing subsidiary
