NEW YORK (Standard&Poor's) April 7, 2004--Standard&Poor's Ratings Services said today that its ratings on cookware and bakeware manufacturer WKI Holding Co. Inc., including the 'B' corporate credit rating, remain on CreditWatch with negative implications, where they were placed Nov. 24, 2003. CreditWatch negative means that the ratings could be affirmed or lowered following the completion of Standard&Poor's review. Reston, Va.-based WKI had about $365 million of total debt outstanding at Dec. 31, 2003. "The CreditWatch update follows WKI's recent 10-K filing, which indicated that the company has engaged external advisors to evaluate business realignment, process improvement, and cost reduction opportunities," said Standard&Poor's credit analyst David Kang. "The results of this program are
