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Weir Group gets a BBB+ rating

WEIR Group has commissioned public credit ratings from Moody's and Standard & Poor's in a bid to expand its range of financing options.

Standard & Poor's said Weir was stable and gave it a BBB+ rating while Moody's also provided a stable rating on the Glasgow company with its Baa1 assessment.

Separately Weir said its oil and gas arm was seeing better sales trends although mining is affected by factors including ongoing strikes at platinum facilities in South Africa. The outlook for the year remains unchanged.

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