S&P: kgb outlook stable

Standard & Poor's said it affirmed kgb's B+ corporate credit rating and revised the outlook to stable from positive.

"We expect worldwide recessionary pressures on both prices and volumes to challenge the company's operating performance in the remainder of 2009," S&P analyst Catherine Cosentino said in a statement.

The revised outlook recognizes that these recession-related pressures reduce prospects for improvement in its credit profile sufficient to support an upgrade over the next year, according to the agency.

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