Fitch lifts Harley-Davidson outlook to positive

Fitch Ratings said it has affirmed the issuer default ratings of Harley-Davidson, Inc. and its subsidiary Harley-Davidson Financial Services, Inc. at A-.

The outlooks have been revised to positive from stable.

The revision of the outlook to positive from stable reflects Fitch's expectation that the company's financial and operating performance will continue to improve over the next six to 12 months as the motor company's comprehensive restructuring program, begun in 2009, is completed later this year.

In addition, Fitch said it expects Harley to fully repay its remaining motor company debt with cash upon the debt's maturity in February 2014, after which the motor company will operate with no debt.

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