S&P ups Georgia Gulf view to stable

Standard & Poor's said it revised its outlook on Georgia Gulf Corp. to stable from negative and affirmed its BB+ corporate credit rating, BB- senior unsecured debt rating and BBB- senior secured debt rating.

According to S&P, the outlook revision recognizes the improvement to Georgia Gulf's financial profile as a result of better operating performance and continued debt reduction, and the expectation that good near-term results will further strengthen credit protection measures.

S&P said the ratings continue to reflect Georgia Gulf's somewhat aggressive financial profile, which overshadows its satisfactory business position as a low-cost commodity chemical producer.

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