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Research Update: Ratings On Illinois Tool Works Inc. Affirmed; Outlook Revised To Stable Mar 10 Product Image

Research Update: Ratings On Illinois Tool Works Inc. Affirmed; Outlook Revised To Stable Mar 10

  • Published: March 2010
  • Standard & Poors

Abstract
The outlook for U.S. based-Illinois Tool Works Inc.'s global industrial markets continues to gradually improve. We expect that the company's operating performance recovery since the second half of 2009 will continue. This should lead to credit measures returning to levels that are consistent with our ratings expectations, despite a likely increase in acquisition activity in the next two years. We are affirming the ratings on the company, including the 'A+' corporate credit rating. We are also revising the outlook to stable from negative. On March 25, 2010, Standard & Poor's Ratings Services affirmed its ratings on Glenview, Ill.-based Illinois Tool Works Inc. (ITW), including the 'A+' long-term corporate credit rating and 'A-1' commercial paper rating. We also revised the outlook...

Companies mentioned in this report are: Illinois Tool Works Inc.,ITW Finance Europe S.A.
Action: Affirmed
Action: Outlook: Stable

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Illinois Tool Works Inc.,ITW Finance Europe S.A.

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