Moody's may up Cooper

Moody's Investors Service said it placed Cooper Industries, Ltd.'s long-term A3 debt and Prime-2 commercial paper ratings on review for upgrade.

The action was prompted by Cooper's strong operating performance over the past couple years, expanding cash flow and favorable debt protection metrics, according to the agency.

Cooper benefits from a solid operating environment with favorable growth trends in many of its key end markets, but the company has modest exposure to the softening residential housing market in the United States and is coping with higher raw material, transportation and energy inflation, Moody's noted.

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