S&P: Wienerberger view stable

Standard & Poor's said it revised the outlook on Wienerberger AG to stable from negative.

The agency also said it affirmed its long-term corporate credit rating at BB and short-term corporate credit rating at B.

The outlook revision reflects a view that Wienerberger's credit metrics have rebounded, on a sustainable basis, to levels considered to be commensurate with the BB rating, S&P said.

The group's improving credit metrics are the result of ongoing efforts to reduce debt and a strong recovery in gross cash flow generation in 2010, the agency said.

This follows a subdued performance in 2009 on the back of substantial restructuring costs, S&P added.

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