NEW YORK (Standard&Poor's) Aug. 15, 2008--Standard&Poor's Ratings Services, following an industry review, took several rating actions on companies in the oil&gas service sector. The review was prompted by our view that healthy industry conditions will likely remain for the near to medium term and follows Standard&Poor's recent announcement that it will introduce several enhancements to its analytical approach to rating speculative-grade debt. The rating actions listed below were on speculative-grade companies. A consistent theme for these companies was the strength of their financial performance and our belief that similar performance would most likely continue for the near to medium term. Standard&Poor's raised the corporate credit rating on Chart Industries Inc.
