...Fitch Ratings expects that the integration of new acquisitions and the reshuffling of ABB Ltd's portfolio will take longer than anticipated. Fitch forecasts that funds from operations (FFO) adjusted net leverage will fall below 2x ¡ the `A' rating median for our diversified industrials and capital goods issuers ¡ in the next two years, which is outside the scope of our Rating Watch. Fitch expects that ABB's credit profile will remain in line with the group's ratings in the medium term, backed by strong free cash flow (FCF) generation a nd stable profitability, and that leverage metrics will broadly be in line with the `A' median for diversified industrials and capital goods companies. ABB benefits from significant global scale providing a leading market position in its main sectors and from a well-diversified business profile....
