S&P: ESCO outlook positive

Standard & Poor's said that it affirmed ESCO Corp.'s B+ long-term corporate credit rating and revised the outlook to positive from stable.

The rating affirmation and outlook reflect the expectation that ESCO's operating performance will continue to gradually improve and ESCO's aggressive financial profile, S&P said.

The changes also reflect the company's weak business risk profile, characterized by technical expertise and good recurring revenues from wear-parts products, the agency said.

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