S&P cuts K2 view to negative

Standard & Poor's said it revised its outlook on K2 Inc. to negative from stable and affirmed its BB corporate credit and senior unsecured debt ratings.

The outlook revision is based on K2's operating challenges that have resulted in slower-than-expected debt pay down, the agency said.

S&P noted the ratings on K2 reflect its participation in the highly competitive and mature sporting goods manufacturing industry and an aggressive acquisition strategy. These risks are mitigated by the company's leading market positions in the industry and its continued use of equity to help fund its growth strategy.

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