S&P lifts TriMas to BB-

Standard & Poor's said it raised its ratings on TriMas Corp., including the corporate credit rating to BB- from B+.

The outlook is stable.

"The upgrade reflects TriMas' continued good operating performance and credit measures," said S&P credit analyst John Sico in a news release.

"While economic prospects are increasingly mixed, we believe TriMas' cash balance and current credit measures provide it some cushion to absorb an economic downturn, even with future covenant step-downs, at the higher rating," Sico added.

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