S&P rates HellermannTyton BB-

Standard & Poor's said it assigned its BB- long-term corporate credit rating to HellermannTyton Group plc.

The outlook is stable.

S&P said the rating on HellermannTyton is line with the existing rating on HellermannTyton Alpha Sarl and its operating company HellermannTyton Beta Sarl.

Following an initial public offering and change in the group structure earlier this year, S&P said it is now also assigning its rating to Standard, the top holding company of the group.

The agency said the ratings are supported by the HellermannTyton group's business risk profile, which it continues to view at the weak end of the "fair" category under its criteria.

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