S&P ups Roper to investment grade

Standard & Poor's said it raised its ratings on Roper Industries Inc., including the corporate credit rating to BBB- from BB+.

The outlook is stable.

According to S&P, the upgrade reflects the continued improvement in Roper's business profile and the expectation that the company will maintain investment-grade credit metrics.

Roper's operating segments have demonstrated robust revenue growth and margin expansion, supporting strong cash flow generation, the agency said, adding that the ratings on Roper reflect the company's satisfactory business profile marked by leading positions in profitable niche markets and its broad product, end-market and geographic diversity.

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