S&P puts Brunswick on positive watch

Standard & Poor's said it placed the B- corporate credit rating for Brunswick Corp., as well as all related issue-level ratings, on CreditWatch with positive implications.

The CreditWatch listing reflects the increasing confidence that Brunswick will be able to continue to improve EBITDA in 2011 and sustain credit metrics in line with a higher rating, S&P said.

The placement considers the company's rationalization of its dealer inventory of boats over the past few years and the belief that retail boat demand could begin to grow modestly by the second half of 2011, the agency added.

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