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S&P drops American Railcar outlook to negative
Standard & Poor's said it revised its outlook on American Railcar Industries to negative from stable.
At the same time, the agency said it affirmed its ratings on the company, including the BB- long-term corporate credit rating.
The agency added that the ratings on American Railcar continue to reflect the company's weak business profile, which is characterized by the highly cyclical, competitive, and capital-intensive nature of the railcar manufacturing industry, as well as by the company's limited product and customer diversity.
The ratings also reflect the company's aggressive financial profile, S&P noted, adding that mitigating factors include the company's well-established market position and its ample liquidity.
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