We expect WKI Holding Co. Inc.'s covenant cushion to remain above 15% throughout the year as a result of profit growth in the Asia-Pacific region, distribution gains in North America, and better operating performance in its manufacturing facilities. We are affirming all ratings on WKI Holding Co. Inc., including our 'B' long-term corporate credit rating. The outlook is stable, reflecting our expectation that WKI Holding Co. Inc. Will maintain credit protection measures near current levels and generate positive free operating cash flow while maintaining at least 10%-15% covenant cushion on its financial maintenance covenants. On June 23, 2015, Standard&Poor's Ratings services revised the outlook to stable from negative and affirmed its 'B' corporate credit rating on Rosemount, Ill.-based
