Fitch: Eaton outlook negative

Fitch Ratings said it affirmed Eaton Corp.'s issuer default rating at A-, senior unsecured bank credit facilities at A-, senior unsecured long-term debt at A- and short-term issuer default rating at F2.

The outlook was revised to negative.

The outlook recognizes Eaton's high leverage and its dependence on a return to better conditions in its markets to help rebuild financial results, according to the agency.

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