S&P raises Hexcel

Standard & Poor's said it raised its ratings on Hexcel Corp., including the corporate credit rating to BB- from B+ and removed the ratings from CreditWatch, where they were placed with positive implications on Jan. 26.

The outlook is positive.

"The upgrade reflects an improved financial profile resulting from operational and financial restructurings and a recovery in the commercial aerospace market," said S&P credit analyst Christopher DeNicolo.

S&P said it the ratings on Hexcel reflect participation in the cyclical and competitive commercial aerospace industry.

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