S&P may lift Hillman

Standard & Poor's said it placed the B- corporate credit rating and B+ bank loan rating on Hillman Group Inc. on CreditWatch with positive implications.

"The CreditWatch placement and potential upgrade reflects our view that the receipt of lender approval on Hillman's proposed bank amendment and corresponding completion of the proposed refinancing transaction would help mitigate our ongoing concerns related to near-term liquidity risk," S&P analyst Mark Salierno said in a statement.

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