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Moody's ups Esterline to Ba1
Moody's Investors Service said it upgraded Esterline Technologies Corp.'s ratings, including its corporate family and probability of default ratings to Ba1 from Ba2.
The speculative grade liquidity rating remains SGL-2 and the outlook was changed to stable from positive.
Moody's said the changes reflect the progress the company has made in reducing debt and expectation of continued debt reduction from ample free cash flow generation.
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