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S&P: Meritor view to positive
Standard & Poor's said it revised its rating outlook on Meritor Inc. to positive from stable and affirmed its ratings on the company, including the B corporate credit rating.
"Meritor continues to gradually improve its operating performance, and the recent legal settlement will slightly reduce adjusted debt leverage," S&P credit analyst Robyn Shapiro said in a news release. "We believe Meritor's FOCF will be nominally positive for the fiscal year 2014."
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