S&P: AmerCable on watch

Standard & Poor's said it placed AmerCable Inc.'s B- corporate credit rating on CreditWatch with negative implications.

The negative watch listing reflects an expectation that the electrical cable manufacturer's upcoming revolver maturity may affect its ability to fund near-term obligations, coupled with the negligible headroom it has under financial covenants governing its credit facilities and its overall liquidity position, S&P said.

Growth in the company's end markets may be slowing following recent announcements of curtailed production in the natural gas and mining sectors, the agency said.

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