S&P cuts Remington Arms view to negative

Standard & Poor's said it revised its outlook on Remington Arms Co. Inc. to negative from stable, mainly reflecting cost pressure from higher raw-material prices, and also the company's weaker credit statistics and tight liquidity.

At the same time, S&P affirmed its B corporate credit rating on the company.

S&P said the rating reflects Remington Arms mature industry growth prospects, regulatory and political concerns, the company's aggressive financial policy and its recent operating underperformance. These factors outweigh the company's good competitive position in the hunting-and-shooting sports product market.

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