NEW YORK (Standard&Poor's) Nov. 17, 2006--Standard&Poor's Ratings Services today revised its outlook to positive from stable on Precision Castparts Corp. At the same time, Standard&Poor's affirmed its ratings, including the 'BBB/A-2' corporate credit ratings, on the company. About $950 million of debt is outstanding. "The outlook revision reflects improving credit protection measures, benefiting from stronger profitability and cash flow generation, debt reduction, and generally favorable market conditions," said Standard&Poor's credit analyst Roman Szuper. The ratings on Portland, Ore.-based Precision Castparts are supported by its leading niche positions in most of its markets, some business diversity, efficient operations, and a good overall financial profile. The ratings also take into account the highly cyclical
