S&P upgrades Toro

Standard & Poor's said it raised its corporate credit and senior unsecured debt ratings on Toro Co. to BBB from BBB-.

The outlook is stable.

According to S&P, about $251 million of total debt was outstanding at Feb. 3, 2012.

"The upgrade primarily reflects Toro's consistent improvement in operating performance and credit measures over the past two years, as well as our expectation that the company will sustain these improvements," said S&P credit analyst Rick Joy in a news release.

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