S&P changes Range Parent view to negative

S&P said it revised its outlook for Range Parent Inc. to negative from stable, citing soft demand for its indirect operating subsidiary Robertshaw Controls Co.’s products.

“The outlook revision to negative indicates S&P Global Ratings' view that Robertshaw’s operating performance might not be strong enough during the next year to improve Range Parent Inc.'s credit measures to levels appropriate for the current ratings,” said S&P in a news release.

S&P affirmed all its ratings for Range Parent, including the B issuer credit rating.

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