DBRS confirms Honeywell

DBRS said it confirmed the senior unsecured debt rating for Honeywell International Inc. at A with a stable trend.

The rating primarily reflects Honeywell's position as a global leader in its core businesses, notably aerospace and automation and controls; its highly diversified revenue base that adds earnings stability; and its consistent free cash flow generation, the agency said.

The rating also takes into account the company's exposure to cyclical changes in demand that impact many of its core end markets, DBRS added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.