Moody's ups Sterigenics outlook to stable

Moody's Investors Service said it changed the outlook of Sterigenics International, Inc. to stable from negative.

Moody's said it also affirmed the existing ratings, including the B3 corporate family rating.

The stabilization of the outlook primarily reflects year-over-year growth in customer volumes and reduction in expansion capital expenditures, both of which have aided an improvement in the liquidity profile of the company over the past year, the agency noted.

The stable outlook also incorporates the expectation that the new ethylene-oxide facility in China should begin to contribute positive EBITDA by early 2009, Moody's added.

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