S&P: FleetPride to positive

Standard & Poor's said that it revised the outlook on FleetPride Corp. to positive from stable and affirmed the ratings on the company, including the B corporate credit rating.

The outlook revision reflects the opinion that demand for heavy-duty truck parts is increasing in part because of a modest recovery in the economy and the historically high average age of the truck fleets, which increases the need for maintenance and replacements parts, the agency said.

Moreover, the company's cost reductions and acquisitions have expanded profitability, contributing to improving credit measures, the agency added.

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