Moody's Ratings affirms Baa1 senior unsecured rating of Parker-Hannifin, changes outlook to positive
Moody's Ratings (Moody's) affirmed its ratings of Parker-Hannifan Corporation ("Parker"), including the Baa1 senior unsecured notes and P-2 commercial paper ratings and the (P)Baa1 rating assigned to the company's senior unsecured MTN Program. We also changed the rating outlook to positive from stab...Parker Hannifin is a manufacturer of motion and control technologies and systems, providing engineered solutions for a variety of mobile, industrial and aerospace markets. The company has two reporting segments: Diversified Industrial and Aerospace Systems. The company's Diversified Industrial segment products consist of a range of motion-control and fluid systems and components, which are categorized into the following groups: Engineered Materials, Filtration, Fluid Connectors, Instrumentation, and Motion Systems. The company's Aerospace Systems Segment products are used in commercial and military airframe and engine programs and include control actuation systems and components and pneumatic control components.
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