S&P: Actuant up to positive

Standard & Poor's said it revised its outlook on Actuant Corp. to positive from stable. At the same time, S&P affirmed its rating on the company.

S&P raised the outlook on Actuant's BB corporate credit and senior secured debt ratings and B+ senior subordinated convertible debt.

S&P said the outlook revision to positive reflects its view that the company's strategy of focused, niche acquisitions that increases scale, in conjunction with a further track record of balancing this growth with an improving financial profile, could lead to a modest upgrade over the next two years.

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