S&P upgrades Altra

Standard & Poor's said it raised Altra Industrial Motion Inc.'s corporate credit rating to B+ from B.

The outlook has been revised to stable.

The upgrade reflects Altra's strong operating performance and improving credit measures, according to the agency.

Ratings reflect the company's vulnerable business risk profile and highly leveraged financial profile, the agency said, as well as weak margins and the industry's fragmented, cyclical and highly competitive nature.

Ratings also consider the company's leading positions in niche segments, strong brand names and good customer, geographic and end-market diversity, S&P said.

Pro forma for recent acquisitions, financial leverage is about 3.1 times.

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