S&P lifts Atlas Copco, bonds

S&P said it raised its long-term issuer credit rating on Atlas Copco AB to A+ from A.

The outlook is stable.

The agency also affirmed the A-1 short-term issuer credit rating on Atlas Copco, along with the K-1 Nordic regional scale rating.

At the same time, S&P raised the issue rating on the group's senior unsecured bonds to A+, in line with the issuer credit rating.

The agency said the upgrade reflects expectations that Atlas Copco can sustain very strong credit metrics over the economic and industry cycle, including during years when it makes extraordinary shareholder distributions.

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