International credit rating agency S&P Global Ratings (Standard & Poor's Ratings Services) has announced that it has revised the outlook of Swedish high-technology engineering and steelmaking group Sandvik to positive from stable and has affirmed its long-term corporate credit rating of 'BBB+'.
S&P stated that the outlook revision to positive reflects its expectation that Sandvik's credit ratios will continue to gradually improve over this year, supported by continued revenue growth from the company’s core operations and its expectation of sustained profitability and continued debt reduction.