S&P ups Jeld-Wen notes, view

Standard & Poor's said it revised its outlook on Jeld-Wen Inc. to positive from stable.

At the same time, S&P affirmed its B corporate credit rating.

In addition, the agency raised its issue-level rating on the company's second-lien notes to B from B- and revised the recovery ratings on the notes to 4 from 5.

"The revised outlook reflects the improvement in credit metrics over 2012 and our view that this trend will continue into 2013 and 2014 due to strong demand from a pickup in new home construction and remodeling activity in the U.S.," S&P credit analyst Thomas Nadramia said in a news release.

"The outlook revision also reflects management's progress in reducing fixed costs and improving EBITDA margins, which we believe will rise to about 7% in 2013," Nadramia added in the release.

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