S&P changes Optimas OE to stable

S&P said it revised its outlook on Optimas OE Solutions Holding LLC to stable from negative and affirmed its B- corporate credit rating on the company.

The agency said the revision reflects Optimas' progress in reducing its debt leverage, along with an expectation that this progress will continue and support the rating during the next year.

“The company is experiencing healthy growth in emerging markets and is developing its e-commerce channel to support and diversify its customer base,” S&P said in a news release.

“Management's initiatives to optimize procurement may produce better results in the next year.”

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