Moody’s assigns Fortive notes Baa1

Moody's Investors Service said it assigned a Baa1 rating to Fortive Corp.'s new senior unsecured notes issuance.

“The issuance does not impact other ratings of Fortive, including the existing Baa1 senior unsecured and P-2 short-term commercial paper ratings,” the agency said in a press release.

The proceeds will be used to refinance debt and for general corporate purposes. “Moody's expects the transaction to be largely leverage neutral,” the agency.

The outlook is stable.

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