TECT-Fitch revises Johnson Controls outlook to negative


Aug 31 - Fitch Ratings has affirmed the Issuer Default Rating (IDR) and long-term ratings for Johnson Controls, Inc. (JCI) at 'BBB+'. The Rating Outlook is revised to Negative from Stable. A full rating list is shown below. The Negative Rating Outlook reflects increased concerns about JCI's operating performance in certain businesses and the company's financial flexibility associated with negative free cash flow (FCF) and higher debt and leverage. In the absence of operating improvements ...

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