S&P: Interface up to stable

Standard & Poor's said it revised the outlook on Interface Inc. to stable from negative and affirmed its ratings on Interface, including its B- corporate credit rating and CCC subordinated debt rating.

S&P said the outlook revision follows the company's announcement that it will exit its owned Re:Source Americas dealer businesses, which should reduce the company's cost structure.

In addition, the revision reflects more favorable industry trends in Inteface's core floorcovering operations, according to S&P.

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