Fitch changes Caterpillar to stable

Fitch Ratings said it affirmed the issuer default ratings for Caterpillar Inc. (CAT), Caterpillar Financial Services Corp. (CFSC), and certain of CFSC's subsidiaries at A.

The outlook was revised to stable from negative.

Fitch said the stable outlook incorporates its expectation that CAT's financial results, with the financial products business on an equity basis, will improve and leverage will decline as the company's end markets recover from cyclically low demand and CAT realizes benefits from a lower cost structure.

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