S&P may lift Standard Steel

Standard & Poor's said it placed its ratings on Standard Steel LLC, including its B+ corporate credit rating, on CreditWatch with positive implications.

"The CreditWatch placement reflects Standard Steel's improved operating and financial performance, which, together with its new ownership, may result in a modestly higher rating," said S&P credit analyst Carol Hom in a news release.

The agency said it views the company's business risk profile as weak and its financial risk profile as aggressive.

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