S&P: EnerSys view to positive

Standard & Poor's said it revised its rating outlook on EnerSys to positive from stable.

At the same time, S&P affirmed the ratings on the company, including the BB corporate credit rating.

"The outlook revision reflects EnerSys' good operating performance and better-than-expected credit metrics," S&P credit analyst Sarah Wyeth said in a news release.

As of June 30, the company's debt to EBITDA was less than 1x and its funds from operations to debt was more than 100%, compared with the agency's expectations of 3.0-3.5x and 20%-25%, respectively.

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