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S&P: Actuant to positive
Standard & Poor's said it affirmed Actuant Corp.'s BB corporate credit rating.
The outlook was revised to positive from stable.
The outlook revision reflects the potential for a rating upgrade over the next 12 months if Actuant's operating performance continues to improve and its financial policies remain consistent with management's stated financial leverage objectives, S&P said.
The ratings consider an expectation that still-increasing demand in the company's global industrial markets will benefit operating performance in 2012, the agency said.
S&P also said it expects Actuant will continue to grow through acquisitions.
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