S&P: Ozburn-Hessey to stable

Standard & Poor's said it affirmed the ratings on Ozburn-Hessey Holding Co. LLC, including the B long-term corporate credit rating, and revised the outlook to stable from negative.

The ratings on Ozburn-Hessey reflect its competitive end markets, high debt leverage and aggressive acquisition strategy, the agency said.

The ratings also consider stable near- to intermediate-term industry fundamentals, the company's nationwide presence and good technological capabilities, the agency added.

The outlook revision reflects strengthening credit metrics, earnings and cash flow improvement as well as rising demand for domestic third-party logistics services, S&P said.

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