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Published on 5/20/2016 in the Prospect News Investment Grade Daily.

S&P: Alfa Laval outlook to negative

S&P said it revised its outlook on Alfa Laval AB to negative from stable.

At the same time, the agency affirmed its BBB+ long-term corporate credit rating on Alfa Laval, and its BBB+ issue rating on the company's senior unsecured debt.

S&P said the outlook change follows the downward revision of its forecasts on Alfa Laval's profitability and cash flow over 2016 and 2017. The agency now sees a risk that the company's EBITDA and credit ratios will be low for the rating.


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