Neenah Paper (NP) Tops Q1 EPS by 8c

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Neenah Paper (NP) Ratings Affirmed by S&P; Liquidity Reassessed to 'Exceptional'

May 7, 2015 12:19 PM EDT

Standard & Poor's Ratings Services said today it affirmed its 'BB' corporate credit rating on Neenah Paper Inc. (NYSE: NP) and revised its assessment of the company's liquidity to "exceptional" from "strong." The outlook remains stable.

Our revision of Neenah Paper's liquidity assessment is based on our expectation that liquidity sources (including availability under the company's revolving credit facility) will exceed its uses by 2x or more for the next 24 months. We... More