Moody's could lift Snap-on

Moody's Investors Service said it placed Snap-on Inc.'s Baa1 senior unsecured credit rating under review for upgrade.

The initiation of the review process was prompted by Snap-on's strengthening credit metrics supported by the company's continued improvement in operating performance, commitment to balance sheet strength, proactive liquidity management and proven resilience in various economic conditions, Moody's said.

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