S&P ups Kennametal view to stable

Standard & Poor's said it has revised the outlook on Kennametal Inc. to stable from negative. The agency also said it affirmed its ratings, including its long-term corporate credit rating at BBB.

The outlook revision reflects a trend of improved profitability and cash flow generation during the past few quarters, S&P said.

Along with the company's recent report that its monthly order rates continue to improve, the agency said it expects this to lead to credit measures returning to levels that are consistent with expectations for the BBB rating.

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