S&P: AOT Bedding on watch

Standard & Poor's said it placed its ratings on AOT Bedding Holdings Corp., including its B corporate credit rating, on Creditwatch with negative implications.

"The Creditwatch listing reflects its continued concerns about the difficult operating environment facing AOT and the company's ability to improve its very weak credit metrics over the near term," said S&P credit analyst Rick Joy.

"Although the company has taken actions to reduce operating expenses and is starting to see some benefits from lower input costs, AOT still faces challenges from a weak economy, slowed consumer spending, and the overall weak retail environment and housing market," he continued.

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