Standard & Poor's Rating Services said Thursday it lowered its outlook on Standard Motor Products Inc., predicting the weak economy will hamper earnings and cash flow at the replacement auto parts maker.
The credit ratings agency cut its outlook to "Stable" from "Positive" and reaffirmed its non-investment grade 'B-' long-term corporate credit rating on the Long Island, N.Y., company.
A "Stable" rating means the rating is unlikely to change, while a "Positive" rating means it may be raised.
