S&P puts Unifrax loan on watch

Standard & Poor's said that it affirmed the B corporate credit rating on Unifrax Holding Co.

The outlook is stable.

S&P placed the BB- issue-level rating on the company's existing first-lien credit facilities on CreditWatch with negative implications.

The ratings on Unifrax reflect the assessment of the company's relatively limited scale of operations and aggressive financial profile, the agency said.

The ratings consider the company's position as a niche producer, its historically good margins and its good cash flow generation, despite the past recession, the agency added.

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