S&P: Caraustar view to stable

Standard & Poor's said it revised the outlook on Caraustar Industries Inc. to stable from negative.

The agency also said it affirmed the B+ corporate credit rating on the company and B+ rating on its first-lien term loan. The recovery rating on the term loan is 3, indicating 50% to 70% expected default recovery.

The outlook revision reflects the company's smooth integration of acquired operations, S&P said.

The company also improved profitability and leverage faster than previously forecasted, the agency said.

With concerns regarding integration risk and elevated debt-leverage largely mitigated, S&P said the negative outlook was no longer appropriate.

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