S&P: Unifi view to stable

Standard & Poor's said it revised the outlook on Unifi Inc. to stable from positive.

The agency also said it affirmed the company's B corporate credit rating and B+ rating on its senior secured notes due 2014.

Profitability materially declined and credit measures weakened over the past year, S&P said.

The agency said it no longer believes the company will hit the benchmarks for an upgrade.

The ratings reflect the company's vulnerable business risk profile, narrow business focus, highly competitive conditions in its markets and raw material price volatility, S&P said.

The company's margins are expected to continue to be pressured from higher commodity costs, the agency said.

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