Moody’s changes Caterpillar view to positive

Moody's Investors Service said it changed the outlook for Caterpillar, Inc., Caterpillar Financial Services Corp. and their supported subsidiaries to positive from stable, and affirmed the ratings including the A3 long-term and Prime-2 short-term ratings.

“The change in CAT's outlook anticipates that recently achieved improvements in operating performance are sustainable, with the company likely to produce solid operating results even if its core markets slow,” the agency said in a news release.

“CAT implemented a series of restructuring actions in response to the 2013-2016 downturn and has ramped up the implementation of its operating & execution (O&E) model.”

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