S&P lowers RLC

Standard & Poor's said it lowered its corporate credit rating on RLC Industries Co. to B- from B.

At the same time, the agency said it removed the rating from Creditwatch.

The rating had been placed on Creditwatch with negative implications on March 19 and subsequently lowered on Aug. 4, and maintained on Creditwatch, the agency said.

"The rating downgrade reflects its view that over the next several quarters RLC Industries' credit measures could deteriorate more than previously expected because of the continued challenging construction end markets and depressed selling prices," said S&P credit analyst Andy Sookram.

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