NewswireToday - /newswire/ -
Stockholm, Sweden, 2014/12/19 - Atlas Copco, a leading provider of sustainable productivity solutions, has entered into a ratings agreement with Fitch Ratings - AtlasCopco.com.
Starting today, Fitch Ratings will provide rating services to Atlas Copco and assign ratings to all existing and new issuance in the international debt capital markets.
In line with company policy, Atlas Copco and its capital market issuance are currently rated by two rating agencies. While Standard & Poor’s will continue as a ratings provider, Fitch Ratings will replace Moody’s Investors Service as the second rating agency. Atlas Copco currently has long-term issuer default ratings from Standard & Poor’s and Moody’s Investors Service of A, stable outlook, and A2, stable outlook, respectively. Today, Fitch Ratings communicated a long-term issuer default rating for Atlas Copco of A, stable outlook.
“Fitch, S&P and Moody’s are all well accepted alternatives by the credit investor community,” said Hans Ola Meyer, Chief Financial Officer of Atlas Copco. “In the future, we will regularly evaluate the rating services on a competitive basis.”
Contact: Ken Lagerborg, Group Treasurer P: +46(0)8 743 8183 - E: ken.lagerborg[.]se.atlascopco.com.
Atlas Copco discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.
Atlas Copco (atlascopco.com) is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and service focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2013, Atlas Copco had revenues of BSEK 84 (BEUR 9.7) and more than 40 000 employees.