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S&P: Hexcel on positive watch
Standard & Poor's said it placed the BB+ corporate credit rating on Hexcel Corp. on CreditWatch with positive implications.
The CreditWatch placement is based on Hexcel's steadily improving profitability over time, S&P said.
Hexcel's EBITDA margins, which were 21.6% in 2013, have improved every year since 2008 when they were 15%, the agency said.
Hexcel also has exhibited somewhat less volatile profitability over the past seven years compared with its industry peers, S&P said.
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