S&P ups Altra view to positive

Standard & Poor's said it affirmed the B+ corporate credit rating on Altra Industrial Motion Inc. and revised the outlook to positive from stable.

There is potential for a rating upgrade if Altra continues to perform better than expectations for the B+ corporate credit rating, S&P said.

The agency said it believes Altra will likely continue to benefit from the gradual economic recovery and maintain its operating margin of 15% to 16%, which could result in total debt-to-EBITDA of about 3x.

The ratings also consider its weak business risk profile, characterized by some geographic diversity, S&P said, and its presence in a cyclical, fragmented and competitive industry.

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