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Fitch Affirms Flowserve at 'BBB'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the ratings of Flowserve Corporation (FLS) at 'BBB'. The Rating Outlook is Stable. The ratings cover approximately $1.6 billion of debt. A full list of ratings follows at the end of this press release. KEY RATING DRIVERS Fitch's ratings reflect Flowserve's strong credit metrics, good end-market and geographic diversification, well-established market positions, a substantial portion of higher-margin aftermarket business, fully funded U.S. pen

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