S&P ups Carmeuse view to stable

Standard & Poor's said it revised its outlook on Carmeuse Holding SA to stable from negative and affirmed its B+ corporate credit rating.

The outlook revision reflects a view that the operating pressures that affected Carmeuse in late 2008 and early 2009 have now subsided, S&P said.

It also reflects the company's higher operating profits in the first quarter of 2010 and an expectation of a continued gradual improvement in 2010, the agency said.

S&P said it continues to view Carmeuse's business risk profile as fair.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.