S&P ups Polypore outlook to positive

Standard & Poor's said it revised its outlook on Polypore International Inc. and its subsidiary Polypore Inc. to positive from stable.

At the same time, the agency said it affirmed its ratings on both companies, including the B corporate credit rating.

The outlook revision reflects the completion of a $285 million IPO, proceeds of which have been applied to debt reduction and the resulting improvement in credit protection measures, according to the agency, which noted that the ratings continue to reflect Polypore's highly leveraged financial risk profile, characterized by high, though reduced, debt levels and weak credit metrics.

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