S&P: Corel outlook stable

Standard & Poor's said it revised its outlook on Corel Corp. to stable from developing.

At the same time, the agency said it affirmed its B- long-term corporate credit ratings on the company.

"The outlook revision reflects the close of the previously announced amend and extend transaction, pursuant to which the maturity of Corel's term loan has been extended to 2014 from 2012," said S&P credit analyst David Fisher in a news release.

"Completion of this transaction alleviates near-term refinancing risk in our opinion," Fisher said.

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