Moody's affirms Emerson's A2/P-1 ratings

Moody's Investors Service said it affirmed Emerson Electric Co.'s A2 senior unsecured and Prime-1 ratings following Emerson's announcement of an agreement to purchase Avocent Corp. for roughly $1.2 billion in cash.

The action reflects continuing expectations of strong free cash flow and a supportive liquidity profile to address any incremental increase in funded debt that the transaction may produce, the agency said.

The outlook remains stable.

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