S&P ups Omnova outlook to stable

Standard & Poor's said it revised its outlook on Omnova Inc. to stable from negative.

At the same time, the agency said it affirmed all ratings on the company including its B corporate credit rating.

"The outlook revision reflects Omnova's improving operating performance and the strengthening of its financial profile," said credit analyst Henry Fukuchi.

The outlook revision also incorporates improved cash flow generation and liquidity in recent quarters, the agency said, adding that most of this has been attributable to falling raw material prices, particularly butadiene and styrene, and lower energy costs.

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