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Moody's Upgrades Legrand SA to 'A3'; Outlook Stable-DJ


Friday, 13 Sep 2013 08:25am EDT 

Dow Jones reported that Moody's has raised Legrand SA's long term rating from 'Baa1' to 'A3' with a stable outlook. Moody's said that it considered the fact that the Company had kept its operating margin at a high level during the last 18 months a sign of the solidity of its business model. Moody's said that it expected Legrand SA to maintain a positive net cash position and finance its future acquisitions in a conservative manner using its own resources. 

Company Quote

42.165
0.1 +0.24%
28 Nov 2014