S&P boosts Erico

Standard & Poor's said it raised its ratings on Erico International Corp., including the corporate credit rating to BB- from B+, following the company's improved operating performance, enhanced credit profile and maintenance of a disciplined financial profile.

The outlook is stable.

S&P said that the ratings on privately held Erico continue to reflect its weak business risk profile operating in narrowly defined niches in industrial businesses and an aggressively leveraged financial profile with limited financial flexibility, partially offset by its somewhat diversified product, geography and customer base.

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