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Fitch affirms Hubbell
Fitch Ratings said it affirmed the ratings for Hubbell Inc. including its issuer default ratings at A/F1. The outlook is stable.
The agency said it also affirmed Hubbell's senior unsecured credit facilities at A, its senior unsecured debt at A, its short-term issuer default rating at F1 and its commercial paper rating at F1.
Fitch said the ratings are supported by Hubbell's solid, strong operating performance including healthy margins and positive free cash flow, established position in niche markets, good product diversification and steady operating margins through economic cycles.
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