S&P lifts Ryerson to stable

Standard & Poor's said it revised the outlook on Ryerson Holding Corp. to stable from negative.

The agency also said it affirmed the company's B- corporate credit rating.

The rating reflects the company's highly leveraged financial risk profile and vulnerable business risk profile, S&P said.

The ratings also take into account the company's high debt leverage and thin interest coverage, ongoing difficult operating conditions, low margins relative to some of its peers and participation in the highly cyclical and volatile steel industry, the agency said.

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