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S&P: Ozburn-Hessey now stable
Standard & Poor's said it revised its outlook on Ozburn-Hessey Holding Co. LLC to stable from negative and affirmed its ratings on the company, including the B- corporate credit rating.
"The outlook revision reflects Ozburn-Hessey's improved operating performance in 2012 and our expectation that the company will continue to benefit from efficiency improvement and business development initiatives over the next few years," said S&P credit analyst Lisa Jenkins in a news release.
However, S&P said it also believes that it will take time for the company to achieve all of its expected benefits, especially in the current economy.
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