NEW YORK (Standard&Poor's) Dec. 15, 2004--Standard&Poor's Ratings Services said today that it affirmed its 'BB+' corporate credit and other ratings on Roper Industries Inc. and removed all ratings from CreditWatch, where they were placed Oct. 7, 2004. This action follows the news that the diversified industrial company has closed on the acquisition of TransCore Holdings Inc. from an investor group led by KRG Capital Partners LLC for approximately $600 million. As expected, the company completed an equity offering with gross proceeds of $300 million, which was used to fund the transaction together with a new credit facility. The outlook is positive. "The ratings on Duluth, Ga.-based Roper Industries Inc. reflect its leading position in profitable niche
