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Bulletin: Ingersoll-Rand PLC Ratings And Outlook Unaffected By The Company's Revised Lower Earnings Guidance Sep 11
Standard & Poors, Sep 2011
Abstract
NEW YORK (Standard & Poor's) Sept. 30, 2011--Standard & Poor's Ratings Services said today that the announcement of weaker third-quarter and full-year 2011 results by leading broad line industrial equipment and services company Ingersoll-Rand PLC (BBB+/Stable/A-2) will not affect our ratings or outlook on the company. The company lowered its revenue and earnings guidance due to the weaker-than-expected markets it serves. However, despite the lower anticipated earnings for the remainder of the year, we still expect free cash flow to continue to be strong. Ingersoll-Rand has demonstrated improved credit metrics and strong liquidity, and we expect the company will remain disciplined in its use of cash....
Companies mentioned in this report are: Ingersoll-Rand PLC
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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