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Published on 8/28/2007 in the Prospect News Investment Grade Daily.

Fitch affirms Eaton

Fitch Ratings said it affirmed the ratings for Eaton Corp. as follows: issuer default rating at A, senior unsecured bank facilities A, senior unsecured debt A, short-term issuer default rating F1 and commercial paper F1.

The outlook is stable.

Fitch added that the ratings incorporate Eaton's strong operating profile, product and geographic diversification, effective product positioning and cost controls and financial flexibility.

The company's financial policies also support the ratings as Fitch said it believes Eaton intends to maintain conservative financial measures over the long term.


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