Moody's Ratings affirms Flowserve's Baa3 senior unsecured ratings; outlook stable
Moody's Ratings (Moody's) affirmed the Baa3 senior unsecured ratings of Flowserve Corporation (Flowserve) following the announcement that the company will merge with Chart Industries, Inc. in an all-stock merger with the combined company's enterprise value of about $19 billion. The stable outlook wa...Flowserve is a manufacturer and aftermarket service provider of flow control systems. The company develops and manufactures flow control equipment integral to the movement, control and protection of the flow of materials in its customers' processes. The company's segments are: Flowserve Pump Division, which are for custom, pumps, pre-configured industrial pumps, pump systems, mechanical seals, auxiliary systems and replacement parts and related services; and Flow Control Division, which are for engineered and industrial valves, control valves, actuators and controls and related services.
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