- Language: English
- Published: October 2012
- Region: Egypt
Research Update: Actuant Corp. Outlook Revised To Positive On Good Credit Measures; 'BB' Corporate Rating Affirmed Nov 11
- Published: November 2011
- Standard & Poors
Industrial manufacturer Actuant Corp.'s credit measures remain stronger than our expectations for the current rating, and we believe that its financial policies may, over time, support a higher rating while providing adequate capacity for debt-funded acquisitions. We are revising the outlook on Actuant to positive from stable and affirming our ratings, including the 'BB' corporate credit rating. The positive outlook reflects the potential for an upgrade if the company sustains operating performance and credit measures, with support from financial policies. On Nov. 23, 2011, Standard & Poor's Ratings Services affirmed its ratings on Milwaukee, Wis.-based Actuant Corp., including the 'BB' corporate credit rating. At the same time, we have revised the outlook to positive from stable. The outlook revision to...
Companies mentioned in this report are: Actuant Corp.
Action: Outlook: Positive
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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