New York, November 06, 2014 -- Moody's Investors Service said that the acquisition of California-based Magnus Pacific Corporation ("Magnus") by Great Lakes Dredge & Dock Corporation ("Great Lakes") is a credit positive event. However, Great Lakes' ratings including its B3 Corporate Family Rating ("CFR"),Caa1 unsecured notes rating, SGL-3 speculative grade liquidity rating and positive outlook are unaffected.
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