Moody's changes KUKA's outlook to negative from stable; Baa3 rating affirmed
Moody's Investors Service, ("Moody's") today changed the outlook on KUKA AG's (KUKA) rating to negative from stable. Concurrently, Moody's affirmed at Baa3 the LT issuer rating of KUKA. RATINGS RATIONALE "Today's rating action was driven by a further increase in KUK...KUKA provides automation solutions comprising robots, software and assembly systems. Co. supplies robot technology and systems engineering. Co.'s segments include: KUKA Systems, which specializes in joining and forming processes using various materials, and provides automated production and assembly solutions for sustainable industrial manufacturing; and KUKA Robotics, which is comprised of Industrial Robotics, which develops, produces, sells and services industrial robots used for various applications across industry sectors, mobile platforms, control systems and software solutions, and KUKA Laboratories, which develops and markets products for the service robotics and health care sectors.
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