S&P: UCI view negative

Standard & Poor's said it revised its outlook on UCI Holdings Ltd. to negative from stable and affirmed its B corporate credit rating on the company.

The agency said it affirmed its B+ issue rating on UCI's senior secured credit facility. The credit facility has a 2 recovery rating.

Additionally, the agency affirmed its CCC+ issue-level ratings and 6 recovery ratings on the company's $400 million unsecured notes due 2019. The recovery rating remains 6.

S&P said the rating on UCI reflects its view of the automotive aftermarket company's business risk profile as fair and its financial risk profile as highly leveraged.

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