NEW YORK-Test equipment company Agilent Technologies Inc. received good news from Standard & Poor’s as the ratings agency upgraded its outlook from negative to positive.
S&P cited the company’s improved profitability, liquid balance sheet and revenue growth.
“Agilent has sharply improved its profitability over the past three quarters following an extended period of loss,” noted S&P’s credit analyst Joshua Davis. “A continuation of current operating performance could result in a higher rating within a few quarters.”
