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Actuant Corp. Outlook Revised To Positive On Good Credit Measures; 'BB' Corporate Rating Affirmed Nov 11
Standard & Poors, Nov 2011
Abstract
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. NEW YORK (Standard & Poor's) Nov. 23, 2011--Standard & Poor's Ratings Services said today that it affirmed its ratings on Milwaukee, Wis.-based Actuant Corp., including the 'BB' corporate credit rating. At the same time, Standard & Poor's revised the outlook...
Companies mentioned in this report are: Actuant Corp.
Action: Affirmed
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.
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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