S&P ups DS Waters of America

Standard & Poor's said it raised its ratings on DS Waters of America Inc. by one notch, including the corporate credit rating to B from B-.

The outlook is stable.

"The upgrade reflects DS Waters' improved EBITDA margins and cash generating ability which have resulted in relatively stable credit measures despite current weak economic conditions," said S&P credit analyst Jean C. Stout in a news release.

"In addition, we believe the company has a solid liquidity position, including its ability to meet modest near-term maturities and maintain adequate cushion under financial covenants that do not become more restrictive over time."

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