Moody's upgrades Ecolab

Moody's Investors Service said it upgraded Ecolab Inc.’s senior unsecured rating to A3 from Baa1, citing its proven resilience and good prospects in the company's well-positioned portfolio.

The agency noted that about 80% of its portfolio performed well in 2020 and the first half of this year.

“Moody's expects earnings to continue to improve, helped by further recovery in U.S. and global institutional activity, as well as industrial activity, and as price increases stay ahead of raw material inflation," said Joseph Princiotta, a Moody's senior vice president and senior analyst covering Ecolab, in a press release.

The outlook remains stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.