Mueller Water Products Inc. is benefiting from stable demand, operating efficiencies, and the ramp-up of the new brass foundry, resulting in strong credit metrics. We now forecast S&P Global Ratings-adjusted debt to EBITDA in 2025 and 2026 in the 1x-2x range. As result, we revised our outlook on Mueller to positive from stable. We affirmed our ratings on Mueller, including the ?BB? issuer credit rating. The positive outlook reflects our view that we could raise our ratings on Mueller over the next 12 months if operating performance remains solid and the company continues to build upon its track record of operating with a conservative financial policy, such that S&P Global Ratings-adjusted debt leverage remains below 2.5x, inclusive of potential acquisitions,
