22.01.2016 20:41:00
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Brunswick Corporation -- Moody's says Brunswick's acquisition of Cybex is positive, but doesn't affect Ba1 CFR or positive ratings outlook
New York, January 22, 2016 -- Moody's Investors Service said Brunswick's (Ba1 positive) announcement yesterday that it acquired Cybex International, Inc. ("Cybex") for $195 million is credit positive as it slightly reduces leverage, but more importantly it strengthens Brunswick'sLife Fitness business and helps balance the cyclicality of the marine business.