Moody’s revises Alstom view to positive

Moody’s Investors Service said it revised the outlook for Alstom to positive from stable.

“The outlook change to positive indicates the possibility of an upgrade to Baa1 over the next 12 to 18 months, provided that margin improvements will be sustained and positive free cash flow generation results in further leverage reduction,” said Moody’s in a news release.

Moody’s affirmed the company’s Baa2 long-term issuer rating.

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