Moody’s assigns Baa1 to Fortive

Moody's Investors Service said it assigned an issuer rating of Baa1 to Fortive Corp., the diversified industrial-focused company being spun-off from Danaher, Inc.

The outlook is stable.

Moody’s said the Baa1 rating reflects Fortive’s highly diversified product portfolio highlighted by market leading positions in various industrial end markets (gas stations/convenience stores, automotive, military/defense, energy, packaging, medical/pharmaceutical and food and beverage).

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