S&P cuts Koppers outlook

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

The agency said it also affirmed all the existing ratings on the company, including the BB- corporate credit rating.

"The outlook revision reflects our expectation that Koppers is unlikely to maintain a financial profile at levels that would support a higher rating, given its growth initiatives over the next several years," said S&P credit analyst Daniel Krauss in a news release.

"Given the earnings goal and current balance sheet leverage, we believe the company likely will pursue growth through debt-funded acquisitions as a way to complement organic growth opportunities."

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