Tags: US | Caterpillar | Moodys | Rating

Moody's Raises Credit Outlook for Caterpillar

Wednesday, 02 Jun 2010 04:17 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Moody's Investors Service on Wednesday raised its credit outlook for heavy equipment maker Caterpillar Inc. and the company's financing arm, Caterpillar Financial Services Corp.

The agency said Caterpillar has strengthened its business model through restructuring last year. In its most recently quarterly filing in April, the company said that it reversed its first-quarter losses and was ramping up production as demand improves with the global economy.

Moody's said the outlook on the company's investment-grade "A2" rating is now "Stable," up from "Negative."

Caterpillar shares were up $1.32, or about 2 percent, at $60.59 in afternoon trading.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved