Fitch changes Harley-Davidson view

Fitch Ratings said it affirmed the long-term issuer default ratings of Harley-Davidson, Inc. and its Harley-Davidson Financial Services, Inc. subsidiary at A.

In addition, Fitch affirmed the senior unsecured ratings of both entities at A and Harley-Davidson Financial's short-term issuer default rating and commercial paper ratings at F1.

The outlooks were revised to negative from stable.

The agency said the revision reflects increased concern that external pressures on the company, including declining motorcycle demand, weakening economic conditions in some end markets, higher raw material prices and increased tariffs on imported motorcycles in particular markets could pressure the company's credit profile over the intermediate term.

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