S&P upgrades Amphenol

Standard & Poor's said it raised the corporate credit rating on Amphenol Corp. to BBB+ from BBB.

The agency also said it raised the rating on the company's senior unsecured debt to BBB+ from BBB.

The outlook is stable.

The upgrade reflects the company's consistent and strong cash flow generation, which has enabled the company to strengthen its product portfolio, S&P said.

The ratings also consider the company's leading position in growing markets and its consistent operating performance, the agency said, along with its participation in a very fragmented and competitive market.

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