S&P: Hawk view stable

Standard & Poor's said it affirmed Hawk Corp.'s corporate credit rating at B and revised its outlook to stable from negative.

The affirmation and outlook revision reflect the diminishing likelihood that adverse developments in an ongoing government investigation could pressure Hawk's liquidity or negatively affect its financial performance, S&P said.

The agency said it expects Hawk to maintain a moderately leveraged balance sheet and ample liquidity reserves to accommodate a potentially negative outcome of the ongoing SEC investigation.

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