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Published on 7/17/2019 in the Prospect News Investment Grade Daily.

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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