NY -- Standard&Poor's CreditWire 12/5/97 -- Standard&Poor's today assigned its triple-'B' rating to Precision Castparts Corp.'s $150 million notes, $400 million bank credit agreement, and corporate credit. At the same time, Standard&Poor's assigned a preliminary triple-'B' rating to the company's $300 million debt securities filed under Rule 415 shelf registration, from which the above notes are being drawn. The rating outlook is stable. Ratings on Precision Castparts are based on leading niche positions in most of its markets, considerable business diversity, and satisfactory credit protection measures. The company is a worldwide manufacturer of complex metal components and products, and the leader in large structural investment and airfoil castings used in jet aircraft engines (53%
