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S&P removes Penton from CreditWatch

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New York—On Friday Standard & Poor’s Rating Services removed Penton Business Media Holdings from CreditWatch, where it (and related entities) were placed with “negative implications” in April.

S&P also affirmed Penton’s “B” corporate credit rating. “The affirmation and CreditWatch removal follow the company becoming current with its filing of financial statements,” Standard & Poor’s credit analyst Tulip Lim said in a statement.

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