S&P: GrafTech outlook stable

Standard & Poor's said it revised the outlook on GrafTech International to stable from positive and affirmed its BB- corporate credit rating.

"The outlook revision reflects our assessment that a higher rating is not likely to occur within our outlook time horizon, even though we expect the company's financial profile to remain at a level we consider good for the current rating - with debt to EBITDA of less than 3x," S&P analyst Sherwin Brandford said in a statement.

Ratings reflect the company's significant exposure to the cyclical steel industry, limited supplier diversity and continued raw-material cost pressure, the agency said.

The company maintains a good market position in graphite electrodes, has healthy margins due to current favorable industry conditions and has a good liquidity position, the agency noted.

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