S&P ups Kaman view to stable

S&P said it revised its outlook on Kaman Corp. to stable from negative and affirmed its BB+ corporate credit rating on the company.

S&P said the outlook revision reflects its belief that Kaman's credit metrics will improve and return to levels that S&P considers appropriate for the current rating over the next 12 months.

“This improvement will be supported by solid growth in the company's aerospace segment, increasing margins and a likely return to revenue growth in its distribution segment, and some debt repayment. Specifically, we expect that the company's operating cash flow (OCF)-to-debt ratio will improve to 24%-28% in 2017 from 23% in 2016,” S&P said in a news release.

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