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Published on 5/26/2009 in the Prospect News Investment Grade Daily.

Fitch affirms Hubbell

Fitch Ratings said it has affirmed the ratings for Hubbell Inc. as follows: issuer default rating at A; senior unsecured credit facilities at A; senior unsecured debt at A; short-term issuer default rating at F1; and commercial paper at F1.

The outlook is stable.

According to the agency, Hubbell's ratings reflect its solid liquidity, conservative financial policies and effective restructuring efforts and other cost containment initiatives.

Operating results are expected to weaken in the current year as both of Hubbell's segments experience lower demand, the agency noted.


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