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S&P rates Metals USA notes B-
Standard & Poor's said it assigned its B corporate credit rating to Metals USA Inc. S&P also assigned its B- rating to Metals USA's proposed $275 million senior secured notes comprised of both floating-rate notes due 2012 and fixed-rate notes due 2015.
The outlook is stable.
The ratings reflect the significant volatility associated with its markets and cash flows, thin margins and its very aggressive financial leverage, S&P said.
Ratings also reflect the company's variable cost structure and a fair position in its markets, S&P said.
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