S&P: Sequa view to positive

Standard & Poor's said it affirmed the B- corporate credit rating on Sequa Corp.

The outlook was revised to positive from stable.

The outlook revision reflects Sequa's improving credit protection measures resulting from higher revenues, earnings and cash flow, S&P said.

These improvements reflected a gradual global economic recovery, strengthening core markets, extensive cost reductions and efficiency initiatives, the agency said.

The ratings reflect the company's highly leveraged financial profile, weak credit protection measures and risks associated with cyclical and competitive markets, S&P said.

These factors far outweigh Sequa's adequate liquidity and major positions in niche markets, the agency said.

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