S&P boosts Schuff

Standard & Poor's said it raised the corporate credit rating on Schuff International Inc. to B from B-, reflecting the company's sustained good operating results and continued improvement in credit metrics.

Schuff has benefited from robust commercial construction markets and good project execution, the agency said.

The outlook is positive.

The agency said that the ratings on the company reflect its vulnerable business position as a construction firm operating in cyclical, competitive markets, as well as its limited liquidity and highly leveraged financial profile.

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