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Fitch affirms AB Electrolux
Fitch Ratings said it affirmed AB Electrolux's BBB long-term issuer default and senior unsecured ratings, and F2 short-term issuer default rating.
The outlook is stable.
Ratings reflect Electrolux's strong market positions and geographic diversification, the agency said.
They also reflect the company's conservative financial profile given high industry risk, Fitch said.
The company reported 1.4 times adjusted net debt to operating EBITDAR.
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