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Prospect News home > News index > List of issuers E > Headlines for Eaton Corp. > News item |
Fitch ups Eaton short-term
Fitch Ratings said it affirmed the long-term issuer default ratings for Eaton Corp. plc and its indirect subsidiary Eaton Corp. at BBB+.
Fitch also affirmed the issuer default ratings for Eaton Electric Holdings LLC and Eaton Capital Ultd. Co. at BBB+.
The agency upgraded the short-term issuer default ratings and commercial paper ratings for Eaton and some subsidiaries to F1 from F2.
The outlook was revised to stable from positive.
The agency said the short-term ratings were lifted to reflect the company’s financial flexibility.
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