Fitch affirms Thomas & Betts

Fitch Ratings said it affirmed Thomas & Betts Corp.'s ratings at issuer default BBB, senior unsecured bank credit facilities BBB, senior unsecured debt BBB and short-term issuer default F2.

The outlook was revised to stable from positive.

According to Fitch, the outlook reflects ongoing acquisitions and planned increase in debt.

The ratings consider the company's established presence in its niche electrical markets, an effective cost structure, product development capabilities and life cycles, the agency said.

Rating concerns include the potential for additional acquisitions that could further pressure credit metrics, the agency said.

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