S&P lowers Cooper Cos. outlook to negative

Standard & Poor's said it revised its rating outlook on Cooper Cos. Inc. to negative from stable.

All ratings on the company, including the BB corporate credit rating, were affirmed, S&P added.

The outlook change reflects Cooper's challenge to introduce new products on an expedited schedule, while simultaneously integrating an acquisition, in the face of a highly competitive marketplace, the agency said.

S&P noted that the rating on Cooper reflects the company's single product line focus and its No. 3 position in the $4 billion soft contact lens industry relative to two large competitors with materially greater resources.

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