S&P: Eaton view to stable

Standard & Poor's said it revised the outlook on Eaton Corp. to stable from negative.

At the same time, the agency affirmed the ratings on the company, including the A-/A-2 corporate credit ratings and the A- issue-level rating on the senior unsecured debt.

S&P said the outlook revision and the rating on Eaton reflect its expectation that the company will likely sustain its operating prospects and that its contribution of equity to fund a considerable portion of the Cooper Industries plc acquisition, along with prospects for substantial debt reduction, are sufficient to maintain the rating.

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