Standard&Poor’s has raised its outlook for Gibraltar Industries to stable from negative, based on the expectation that the Hamburg construction products manufacturer will fare better in the coming year as its key housing and automotive markets stabilize.

The move does not affect Gibraltar’s B-plus corporate credit rating, but analyst Tobias Crabtree said the rating could be upgraded if a more robust rebound in residential construction or auto sales speeds the increase in the company’s profits. He also expects Gibraltar to continue to reduce its debt over the next few quarters, reducing the company’s leverage.