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Fitch Affirms The Timken Company at 'BBB'; Outlook Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed its 'BBB' Issuer Default Rating (IDR) on The Timken Company (TKR). Fitch has also affirmed Timken's senior unsecured bank credit facility and senior unsecured notes at 'BBB'. TKR had $638 million of debt outstanding as of June 30, 2015. The Rating Outlook is Stable. A detailed list of ratings follows at the end of this release. KEY RATING DRIVERS The affirmation takes into account TKR's currently weak operating results, its recent acquisition

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