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US: Fitch lowers Johnson Controls outlook to negative

Fitch Ratings has affirmed the Issuer Default Rating (IDR) and long-term ratings for Johnson Controls (JCI) at 'BBB+' but the rating outlook has been revised to negative from stable. According to Fitch, the negative rating outlook reflects increased concerns about JCI's operating performance in certain businesses and the company's financial flexibility It’s time to log … Continued

Fitch Ratings has affirmed the Issuer Default Rating (IDR) and long-term ratings for Johnson Controls (JCI) at 'BBB+' but the rating outlook has been revised to negative from stable.

According to Fitch, the negative rating outlook reflects increased concerns about JCI's operating performance in certain businesses and the company's financial flexibility

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https://www.automotiveworld.com/articles/95740-us-fitch-lowers-johnson-controls-outlook-to-negative/

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