"B-" corporate credit rating replaces the previous "selective default" rating, which was applied following Foster Wheeler's equity-for-debt exchange, completed during the second half of 2004.Hamilton, Bermuda-based Foster Wheeler (OTCBB: FWHLF) said Monday New York City"s Standard & Poor"s has raised the company"s corporate credit rating to "B-." The new rating replaces the credit rating agency"s previous "selective default" rating, which was applied following Foster Wheeler"s equity-for-debt exchange, completed during the second half of 2004.