« Delta, Northwest boards meeting to discuss merger: CNBC
U.S. stocks end slightly lower as financial woes continue »

Fitch raises Flowserve ratings outlook to positive

SAN FRANCISCO (MarketWatch) — Fitch Ratings said Monday it raised the outlook on Flowserve Corp. to positive from stable. Fitch has a BB issuer default and senior secured bank facilities rating on Flowserve. The ratings affect about $558 million of debt outstanding at Dec. 31. Fitch said in a statement the outlook reflects the company’s “improving operating performance, substantial progress toward resolving concerns about contingent litigation liabilities and financial reporting, and Fitch’s expectation that the company intends to maintain disciplined financial policies that should help it to sustain improved credit measures.”
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by Forextvblog

This entry was posted on Monday, April 14th, 2008 at 3:36 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply