S&P ups Language Line outlook to stable

Standard & Poor's said it revised its outlook on Language Line Holdings Inc. to stable from negative.

At the same time, the agency said it affirmed its ratings, including the B corporate credit rating, on Language Line Holdings and on its Language Line Inc. operating subsidiary.

The agency noted that the outlook revision reflects improving operating performance, slightly reduced debt leverage and enhanced liquidity following the completion of the company's amended and restated senior secured bank facility.

S&P added that the ratings reflect Language Line's high debt leverage and the price-competitive nature of the over-the-phone interpretation market.

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