S&P: Exopack outlook stable

Standard & Poor's said it revised the outlook on Exopack Holding Corp. to stable from negative and affirmed its B- corporate credit rating.

"The outlook revision follows improved year-over-year earnings as a result of restructuring actions that have lowered the company's cost structure and better operating margins," S&P analyst Henry Fukuchi said in a statement.

The outlook revision also incorporates improved cash flow generation in recent quarters because of falling raw material prices and lower energy costs, the agency said.

Ratings reflect the company's vulnerable business position in a fragmented and highly competitive market, limited liquidity measures and a highly leveraged financial profile, the agency said.

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