Monday, August 2, 2010

Fitch raises outlook on Harley-Davidson debt

Credit ratings agency Fitch Ratings raised its outlook on Harley-Davidson Inc. on Monday, saying the market for heavyweight motorcycles is showing signs of stability.
Fitch upgraded its outlook on Harley's long-term issuer default rating and its senior unsecured rating to "Stable" from "Negative." The ratings remain at "BBB-plus," an investment-grade rating, and affect $600 million in debt.