Fitch ups Harley-Davidson view to stable

Fitch Ratings said it affirmed Harley-Davidson, Inc.'s long-term issuer default rating at BBB+ and senior unsecured rating at BBB+ and revised its outlook to stable from negative.

Harley-Davidson Financial Services, Inc.'s long-term issuer default rating was affirmed at BBB+, short-term issuer default rating at F2, and its outlook was revised to stable from negative, the agency said.

Harley-Davidson Funding Corp.'s long-term issuer default rating was affirmed at BBB+, short-term issuer default rating at F2, and its outlook was revised to stable from negative, according to Fitch.

The ratings reflect the company's leading position in the U.S. heavyweight motorcycle segment, robust cash liquidity position and relatively low leverage in the motorcycle operations segment, Fitch said.

Although motorcycle market conditions in the United States remain weak, the market appears to be stabilizing and the agency said it expects the industry could return to growth in 2011.

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