Moody's affirms Pentair

Moody's Investors Service said it affirmed the Baa3 senior unsecured debt rating of Pentair Inc.

The outlook remains stable.

Moody's also affirmed and withdrew Pentair's Ba1 senior unsecured issuer rating.

Moody's said the Baa3 debt rating favorably captures the company's strong market positions in both its water (pumps, filters and pool equipment) and technical products (enclosures and thermal management) groups.

In addition, the company has a global footprint, several leading brands and good amount of recurring replacement revenues, the agency said.

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