Fitch changes Keysight view

Fitch Ratings said it affirmed Keysight Technologies, Inc.'s long-term issuer default rating and associated senior unsecured issue ratings. The outlook was revised to stable.

“The affirmation and outlook revision reflects Keysight's maintenance of a conservative leverage profile since its acquisition of Ixia in 2017,” the agency said in a news release.

Fitch said that by its calculation, Keysight's total debt with equity credit to operating EBITDA leverage declined to 1.9x in the last 12-month period ending April 30.

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