NEW YORK (Standard&Poor's) June 25, 2002-- Standard&Poor's said today that it revised its outlook on Precision Castparts Corp. to stable from negative, citing improvements in the company's credit protection measures. At the same time, Standard&Poor's affirmed its ratings, including the triple-'B'-minus/'A-3' corporate credit ratings, on the commercial aerospace manufacturer. "The outlook revision reflects stronger credit protection measures, stemming from debt reduction and solid operating performance in the fiscal year ended March 31, 2002," said Standard&Poor's credit analyst Roman Szuper. A focus on cash flow generation, enhanced by a more effective working capital management, should allow further debt reduction. As a result, the financial profile is expected to be appropriate for the ratings,
