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S&P revises Fortive view to stable
S&P said it revised Fortive Corp.’s outlook to stable from negative, citing its debt repayment and improving macroeconomic conditions.
“The stable outlook reflects our expectation that the improving macroeconomic environment and Fortive's sizeable debt reduction efforts will enable it to maintain leverage between 2x and 3x over the next 12 months,” S&P said in a press release.
The agency also affirmed Fortive’s BBB issuer rating.
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