S&P cuts Actuant view to negative

S&P said it revised its outlook on Actuant Corp. to negative from stable and affirmed all of its ratings on the company.

“The negative outlook reflects our expectation that Actuant will continue to face challenging end-market conditions, particularly in its industrial, energy, and agricultural markets, in fiscal-year 2017 (ending Aug. 31),” said S&P credit analyst Michael Killeen in a news release.

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