trending Market Intelligence /marketintelligence/en/news-insights/trending/YGcuUvFsS3ZrkrWM8JG2uQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Fitch revises Caterpillar's outlook to stable

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund


Fitch revises Caterpillar's outlook to stable

Fitch Ratings on Dec. 7 affirmed the long-term issuer default rating for Caterpillar Inc. (CAT) at A and revised its ratings outlook to stable from negative.

The outlook revision is based on Fitch's expectation that CAT's financial results will improve while leverage will decrease as CAT's end markets recover from cyclically low demand and CAT reaps rewards of a lower cost structure.

Fitch also cited debt reduction during 2017, disciplined cash deployment and focus on balancing profitability and sales growth.

The rating strengths for CAT included its broad product lines, diverse customer base, flexibility, global presence, solid liquidity and well-capitalized independent dealer network.

Fitch noted that working capital requirements could limit free cash flow but its effects will be limited by strong margin improvements realized in 2017 and the minimal incremental investment required in the medium term for supporting future sales growth.

The rating agency also expects CAT to improve its EBITDA and reflect favorable incremental margins after restructuring costs that cost $3.2 billion from 2015 to 2017.