Fitch boosts Caterpillar

Fitch Ratings said it upgraded the long-term issuer default ratings and debt ratings for Caterpillar Inc. (CAT), Caterpillar Financial Services Corp. (CFSC) and certain subsidiaries to A+ from A.

“The upgrade of CAT's long-term ratings reflects the company's strong operating profile including the previous implementation of a flexible cost structure that Fitch believes has improved the company's ability to protect margins through demand cycles, significant aftermarket revenue, conservative financial policies, and strong financial flexibility associated with consistently positive FCF and high liquidity that enable CAT to manage leverage,” the agency said in a press release.

The outlook is stable.

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