S&P: Sequa outlook stable

Standard & Poor's said it revised its outlook on Sequa Corp. to stable from negative and affirmed its corporate credit rating at B-, senior secured debt at B- with a recovery rating of 3 and unsecured debt at CCC with a recovery rating of 6.

The agency said the outlook revision is based on Sequa's improving liquidity and cash generation and S&P's assessment that the company's core markets have begun to stabilize following a sharp downturn during the last recession. Sufficient liquidity and the ongoing economic recovery should sustain Sequa's current credit quality, the agency predicted.

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