Moody's mulls possible upgrade of Linde.

(ADPnews) - Mar 22, 2010 - Moody's is examining for upgrade German gases and engineering company Linde AG (FRA:LIN) on the back of its sound cash flows and operating results and the favourable outlook for industrial gases.

In particular, the agency may raise the Baa1 senior unsecured and the Baa3 subordinated ratings on Linde and its unit Linde Finance BV. Moody's Baa rating zone implies "moderate credit risk".

"A clear management focus on cost efficiency allowed Linde to materially improve its relative positioning in key credit metrics compared to its main competitors in the highly concentrated industrial gases industry. Despite the headwind of the global …