March 7 - Standard & Poor's Ratings Services said today that its ratings and outlook on U.S.-based industrial manufacturer Park-Ohio Industries Inc. (B/Stable/--) are not affected by the company's announcement that it has agreed to acquire Fluid Routing Solutions Inc. (FRS), a manufacturer of industrial hose products, for about $98 million. Park-Ohio expects to finance the acquisition with $40 million in cash from its balance sheet, a new $25 million term loan, and about $35 million drawn under