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S&P revises Keysight view to stable
S&P said it revised its outlook on Keysight Technologies Inc. to stable from negative and affirmed its BBB- issuer credit rating on the company.
At the same time, S&P affirmed the BBB- issue-level ratings on the company's unsecured debt.
“The revised outlook reflects Keysight's steady EBITDA growth in 2018 and debt repayments that led to improving credit metrics since the close of the Ixia acquisition in April 2017. The rating action also reflects our expectation that Keysight's good market positions in test and measurement and industry growth will support steady EBITDA expansion,” S&P said in a news release.
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