S&P affirms Acument; outlook developing

Standard & Poor's said it affirmed its ratings, including the CCC+ corporate credit rating, on Acument Global Technologies Inc. and removed them from Creditwatch with negative implications, where we had placed them on March 19, 2009.

The outlook is developing.

"The ratings affirmation on Troy, Mich.-based Acument Global Technologies Inc. reflects stabilizing demand conditions in the company's key markets and our expectation that operating performance should improve in 2010," said S&P credit analyst Gregoire Buet.

"The developing outlook reflects the potential for a higher rating if operating performance and liquidity consistently improve, while acknowledging that tight financial covenant requirements, volatile free cash flow generation, and high leverage remain significant risk factors," he continued.

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