S&P affirms Interpool

Standard & Poor's said it affirmed its ratings on Interpool Inc., including its BB corporate credit rating and removed the ratings from CreditWatch.

The outlook is now positive.

S&P said that the rating affirmation is based on uncertainty regarding sustainability of Interpool's recently improved balance sheet after proceeds from the sale of assets were used to reduce debt.

While the debt reduction is a positive credit development, the company may face pressure as a publicly held equipment leasing company to adopt a less conservative balance sheet, the agency added.

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