S&P ups Ryerson Tull view to stable

Standard & Poor's said it revised its outlook on Ryerson Tull Inc. to stable from negative and affirmed its BB- corporate credit and B unsecured debt ratings.

The outlook revision reflects the company's improved operating performance and credit metrics since its acquisition of Integris Metals Inc. and S&P's expectations that ongoing improvements in its working capital management will enable the company to continue to reduce its aggressive debt levels.

S&P also said the ratings on Ryerson Tull reflect the volatility of its markets and cash flows and its aggressive financial policies, which more than offset the benefits from its leading national position in the metals processing and distribution markets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.