S&P: Flowserve outlook stable

Standard & Poor's said it affirmed Flowserve Corp.'s BB+ corporate credit rating and revised the outlook to stable.

The outlook reflects the company's operating metrics and expectation of continued performance over the next couple of years, according to the agency.

"The ratings on Irving, Texas-based Flowserve reflect its satisfactory business risk profile and significant financial risk profile," S&P analyst John Sico said in a statement.

"Although management's focus on improving operations has resulted in better-than-expected internal cash generation and debt leverage, there's risk that, without a more clear articulation of its financial policies, the company may adopt a more aggressive operational strategy."

The company's end markets have been faring well, but there's uncertainty about the trends over the next few years, S&P noted.

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