Fitch rates Rockwell Automation loan A

Fitch Ratings said it assigned an A rating to Rockwell Automation, Inc.'s $400 million, 364-day senior unsecured term loan.

The proceeds will be used for general corporate purposes including acquisition funding and working capital.

Fitch currently rates Rockwell's long-term issuer default rating and senior notes at A. The outlook is stable.

“The ratings reflect Rockwell's strong competitive position in industrial automation supported by technological differentiation, solid end-market and customer diversification, strong FCF and relatively low financial leverage,” the agency said in a press release.

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