S&P lifts Hudson to stable

Standard & Poor's said it revised the outlook on Hudson Products Holdings Inc. to stable from negative and affirmed the B- corporate credit rating on the company.

The rating on the company's senior secured debt also remains at B-.

The recovery rating is 3, indicating 50% to 70% expected recovery in a default.

The ratings reflect the company's vulnerable business risk and highly levered financial risk.

The ratings also incorporate the company's exposure to cyclical end markets, limited scale of operations and relatively small size, S&P said, and its aggressive debt leverage.

The ratings also reflect Hudson's leading market share, low maintenance capital spending requirements and its adequate liquidity, the agency said.

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