S&P ups Ansell outlook to positive

Standard & Poor's said it affirmed its BB+ long-term corporate credit rating on Ansell Ltd. and revised the outlook on Ansell to positive from stable.

The ratings on Ansell reflect the group's ability to maintain its strong cash flow generation, despite its reliance on a relatively narrow range of key product lines, the short life cycle of some key products, highly competitive markets and material exposure to exchange rate and input price volatility, the agency noted.

Ansell's moderate financial profile, significant market share in some of its product segments, strong free cash flow generation and strong liquidity are credit positives, S&P added.

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