Standard & Poor's Corp. put Cincinnati-based Star Banc Corp. on the CreditWatch list Wednesday with negative implications based on a recent acquisition plan.

S&P's rating for Star Banc is A-minus, and senior unsecured debt of Star Bank, its principal subsidiary, was rated A/A-1, and the subsidiary's subordinated debt was rated A-minus. At the same time, the ratings agency affirmed Star Banc Corp.'s A-2 commercial paper rating and short-term counterparty credit ratings.

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