TEXT-S&P revises MetoKote outlook to positive

Newswire

(The following statement was released by the rating agency) -- Rising auto production contributed to stronger sales for Lima, Ohio-based auto supplier MetoKote in the fiscal first quarter, and we believe the company's prospects for 2010 have improved. -- We are revising our outlook on MetoKote to positive from developing and affirming our 'CCC+' ratings. -- An upgrade is possible if auto production volumes recover enough to meaningfully boost the company's sales on a sustained basis, ...

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