S&P: Koppers to positive

Standard & Poor's said it revised the outlook to positive from stable on Koppers Inc. and parent company, Koppers Holdings Inc.

S&P also said it affirmed the BB- corporate credit ratings on the companies and the rating on its $300 million senior unsecured notes due 2019 remains unchanged at B+ with a recovery rating of 5, indicating 10% to 30% recovery in a default.

The positive outlook reflects an expectation that current sustainable demand trends and profitability should continue to support improving operations within the company's carbon materials and railroad segments in the second half of 2011 and 2012, S&P said.

The ratings reflect the company's fair business risk profile supported by the consistency of its operating results and its preservation of credit metrics in line with its financial profile, S&P said.

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