S&P changes Surgical Specialties to stable

Standard & Poor's said it affirmed all of its ratings, including the B corporate credit rating, on Surgical Specialties Corp. (U.S.) Inc.

The outlook was revised to stable from negative.

"The outlook revision reflects the stabilization of the company's business in the first half of 2015," S&P credit analyst David Kaplan said in a news release.

Financial performance through June 30, 2015, was above our prior expectations. More specifically, the company experienced mid-single-digit sales growth, despite increased competition in its Quill and OEM segment.

© 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.