S&P ups Alcoa view to stable

Standard & Poor’s said it revised its outlook on Alcoa Inc. to stable from negative and affirmed all ratings, including the BBB- corporate credit rating, on the company.

S&P said the outlook revision is a result of an ongoing improvement in Alcoa’s credit measures, as well as its improved business mix and end market diversity.

“We expect the company to maintain its strong liquidity position, improve its balance sheet, and continue to reduce its cost structure. We also expect adjusted debt to EBITDA to be about 3x in 2015,” said S&P credit analyst William Ferara in a news release.

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