Dover Corporation: Expectations of Declining Leverage, With Improving End Markets to Produce Strong Free Cash Flow
CORPORATES CREDIT OPINION 16 June 2017 Update RATINGS Dover Corporation Domicile Downers Grove, ILLINOIS, United States Long Term Rating A3 Type Senior Unsecured - Fgn 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 David Berge, CFA 212-553-1039 Senior Vice PresDover is a manufacturer and solutions provider. The company provides services through five segments: Engineered Products, which provides a range of products, software and services; Fueling Solutions, which provides components, equipment and software and service solutions enabling transport of fuels and other hazardous fluids; Imaging and Identification, which includes supplying precision marking and coding; Pumps and Process Solutions, which includes manufacturing of pumps; and Refrigeration and Food Equipment, which provides equipment and systems that serve the commercial refrigeration, heating and cooling and food equipment markets.
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