S&P: Hexcel unchanged

Standard & Poor's said that Hexcel Corp. (BB-/positive) announced that will explore strategic alternatives for its Reinforcements business segment, which includes ballistics, electronics and architectural product lines, first-half 2006 sales were $96 million or 15% of total sales.

The agency noted that this announcement has no impact on its ratings or outlook on Hexcel.

The businesses under strategic review, while profitable, do not meet the firm's portfolio criteria of serving growing markets and having competitive advantage, the agency said.

On the other hand, Hexcel's core advanced composite material operations continue to perform generally well, as indicated by first-half 2006 results and have favorable growth prospects, S&P said.

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