S&P: Actuant to positive

Standard & Poor's said it affirmed Actuant Corp.'s BB corporate credit rating.

The outlook was revised to positive from stable.

The outlook revision reflects the potential for a rating upgrade over the next 12 months if Actuant's operating performance continues to improve and its financial policies remain consistent with management's stated financial leverage objectives, S&P said.

The ratings consider an expectation that still-increasing demand in the company's global industrial markets will benefit operating performance in 2012, the agency said.

S&P also said it expects Actuant will continue to grow through acquisitions.

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