Ratings for Textron affirmed; outlook gets boost

02/3/2010 | ABC News

The ratings for Textron and its finance subsidiary, Textron Financial, were affirmed by Moody's Investors Service. The firms also had their rating outlook rise from negative to stable because of better liquidity and progress with the liquidation of assets. Increased defense spending should continue to be a boost for the conglomerate, which produces tools for unmanned aircraft systems for the U.S. Army. The company also makes golf carts.

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