Moody’s moves Emerson view to stable

Moody’s Investors Service said it completed its review for downgrade on Emerson Electric Co., confirmed its A2 senior unsecured debt rating and revised the outlook to stable from rating under review. The agency started the evaluation on Nov. 1.

“The stable outlook reflects Moody's expectations that Emerson will conclude the acquisition of National Instruments as currently contemplated and successfully integrate that business, with only a modest reduction in margins to ensue after the sale of climate technologies,” the agency said in a press release.

Moody’s said it expects the contribution from National Instruments will help offset the loss of the climate technology business.

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