S&P: Specialized Technology view positive

Standard & Poor's said it revised its outlook on Specialized Technology Resources Inc. to positive from stable and affirmed all ratings, including the B corporate credit rating.

The agency said the outlook revision reflects the company's materially improved operating performance over the past several quarters due to higher demand for its products and services, a trend S&P expects will continue in the near term.

The ratings on Specialized Technology reflect its narrow business focus, relatively small size and highly competitive operating environment, S&P said.

Still, its two niche business segments have established market positions and maintain favorable growth prospects, and the company's overall financial profile has materially improved over the past 12 months, the agency said.

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