S&P: Koppers outlook positive

Standard & Poor's said it revised its outlook on Koppers Inc. and its parent company, KI Holdings Inc., to positive from stable and affirmed all ratings, including the B+ corporate credit ratings.

The agency said the outlook revision acknowledges Koppers' improving operating performance, the strengthening of the financial profile, greater visibility of future revenue streams and the potential for improved credit quality over the next few years.

The ratings on Koppers reflect a weak business position, attributable to a relatively narrow scope of operations and concentration of sales, and a highly leveraged financial profile, S&P said.

In the agency's view, these factors are only partially offset by the company's leading market shares, high percentage of long-term contracts and good geographic diversity.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.