Moody’s revises Eaton view to positive

Moody's Investors Service said it revised its outlook for Eaton Corp. and affiliates to positive from stable.

“The outlook change to positive reflects our belief that Eaton will continue to make progress towards margin improvement and leverage reduction, even as it undertakes portfolio changes while facing headwinds in certain of its markets,” said David Berge, Moody's senior vice president and lead analyst for the company, in a news release.

The agency affirmed Eaton’s Baa1 senior unsecured rating and other ratings.

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