S&P lifts Asset Acceptance view to stable

Standard & Poor's said it revised the outlook on Asset Acceptance Capital Corp. to stable from negative.

The agency also said it affirmed the company's B+ rating.

The company recently announced that its operating subsidiary, Asset Acceptance LLC, has reached a settlement with the Federal Trade Commission over alleged violations of collection laws, concluding an investigation that began in 2006, S&P said.

The settlement removes significant uncertainty regarding the company, the agency said, and is unlikely to substantially impair the company's operations or cash flows.

Still, the company and its competitors continue to face material regulatory risk and their earnings generally remain well below pre-recession levels, S&P said.

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