According to an external news report, credit rating agency Fitch International recently upgraded Cummins ’s issuer default rating and long-term debt rating from A- to A-level, with a stable outlook.

Fitch said that the Cummins rating was raised because the company has strong operating capabilities, high financial flexibility and increasing operating margins. In addition, Cummins's past performance and the ability to generate positive cash flow during the recession It is also commendable.

Cummins vice president and chief financial officer said: “The company has generated strong cash flow in the past few years, so that we can still ensure investment when the market demand declines, which will enable the company to further consolidate through the expansion of leading technology and global business. Competitive position."

Fitch also mentioned Cummins’s solvency and well-funded pension plans. At the same time, it has stricter regulations on emissions and fuel economy, which is one of the reasons for the company's rating being raised.

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