S&P: TriMas outlook negative

Standard & Poor's said it revised its outlook on TriMas Corp. to negative from stable and affirmed its ratings, including the B+ corporate credit rating.

The agency said the outlook revision reflects its expectation that, amid lower demand in key markets and deteriorating operating performance, TriMas' credit measures could weaken in the coming quarters, leading to potentially limited headroom over financial covenants in the second half of 2009.

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