Fitch affirms Rockwell Automation

Fitch Ratings said it affirmed Rockwell Automation, Inc.'s issuer default, senior unsecured bank credit facilities and senior unsecured debt ratings at A, and its short-term issuer default and commercial paper ratings at F1.

The outlook is stable.

Ratings incorporate the company's geographic diversification, established market positions, strong operating results and conservative financial management, the agency noted.

Concerns include competition from larger companies in global markets and cyclicality in some of the company's markets, the agency said.

These concerns are offset by strong sales in resource-based markets and increased global diversification, Fitch said.

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