Moody's lifts Kaydon view to positive

Moody's Investors Service said it has affirmed the corporate family rating of Kaydon Corp.'s Ba2 corporate family rating and Ba3 rating for the $200 million 4% contingent convertible senior subordinated notes due 2023.

The outlook was changed to positive from stable.

The rating action reflects Kaydon's strong, niche market positions that generate above-average contribution margins and the diversity of the end-markets into which the company's products are sold, the agency said.

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