S&P lifts OM Group

Standard & Poor's said it raised OM Group Inc.'s corporate credit rating to BB- from B+.

The outlook is stable.

The upgrade reflects expectation that potential, meaningful acquisitions during the next few years will not hamper the company's ability to preserve leverage measures appropriate for the higher ratings, the agency said.

The ratings also reflect a relatively narrow product line, wide swings in its operating margins and profitability because of volatile cobalt prices, and risks with expanding the product portfolio into new growth platforms.

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