S&P: AEP outlook stable

Standard & Poor's said it revised its outlook on AEP Industries Inc. to stable from positive and affirmed its B+ corporate credit rating and B senior unsecured notes.

The outlook revision reflects expectation that acquisition activity could lead to eroding credit quality metrics, according to S&P.

The issuer's improved its business profile by selling less profitable businesses but remains vulnerable to volatile prices, cyclical demand and competitive pressures, the agency said.

The issuer's total adjusted debt-to-EBITDA was 2.1 times for the 12 months ended April 30.

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