Actuant Corporation: Update Following Recent Downgrade to Ba3 Stable
CORPORATES CREDIT OPINION 26 July 2017 Update RATINGS Actuant Corporation Domicile Menomonee Falls, Wisconsin, United States Long Term Rating Ba3 Type LT Corporate Family Ratings - Dom Curr Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Jadijhe (Gigi) Adamo 212-553-Actuant designs, manufactures and distributes a range of industrial products and systems to various end markets. The company has two operating segments: Industrial Tools and Services and Engineered Components and Systems. The company's Industrial Tools and Services segment is a supplier of both products and services to an array of end markets, including the industrial, energy, mining and production automation markets. The company's Engineered Components and Systems segment is a designer, manufacturer and assembler of system critical position and motion control systems, ropes, cables and umbilicals, and other customized industrial components to various vehicle, construction, agricultural and other niche markets.
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