S&P puts Alliance Laundry on positive watch

Standard & Poor's said it placed all of its ratings on Alliance Laundry Systems LLC, including the B corporate credit rating, on CreditWatch with positive implications.

The CreditWatch listing reflects the company's stable operating performance and ability to maintain adequate liquidity and improved credit metrics following its October 2010 refinancing, S&P said.

"We believe the company will likely sustain its current operating performance and credit measures over the next 12 months as machine usage, particularly in multifamily housing units, recovers in several housing markets and as customers replace and/or upgrade machines," said S&P credit analyst Stephanie Harter in a news release.

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