S&P revises Eaton view to negative

Standard & Poor's said it revised its outlook on Eaton Corp. to negative from stable and affirmed all of its ratings, including the A- corporate credit rating.

"The outlook revision reflects the weaker demand in Eaton's end markets and the potential that its credit measures could deteriorate over the next two years such that they no longer support our current ratings on the company, including an adjusted funds from operations (FFO)-to-debt ratio that is comfortably above 30% by 2017," S&P credit analyst James Siahaan said in a news release.

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