...December 14, 2023 - U.S.¡based Clarios Global L.P.'s credit metrics improved through stronger operating performance and debt repayment. - Therefore, we revised our outlook on the company to positive from stable and affirmed our 'B+' issuer credit rating. - At the same time, we affirmed our 'B+' senior secured issue level rating and '3' recovery rating on Clarios' senior secured debt. We also affirmed our 'B-' issue level rating and '6' recovery rating on the company's senior unsecured debt. - The positive outlook reflects the potential that we could raise our rating within the next 12 months if the company establishes a track record of maintaining leverage below 5x and free operating cash flow (FOCF) to debt above 5%, with a low risk of releveraging, such that we view the company's financial policy as supportive of maintaining these improved credit metrics. NEW YORK (S&P Global Ratings) Dec. 14, 2023--S&P Global Ratings today took the rating actions listed above. The positive outlook reflects...
