Fitch revises Allegion view to stable

Fitch Ratings said it affirmed Allegion plc's and Allegion US Holdings, Inc.'s long-term issuer default ratings at BBB- and revised the outlook to stable from positive.

Fitch also affirmed the existing senior unsecured credit facilities and senior unsecured notes at BBB-.

“The action reflects the planned acquisition of Stanley Black & Decker's Stanley Access Technologies (SAT) business,” Fitch said in a news release.

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