- Language: English
- 88 Pages
- Published: March 2011
- Region: Asia
Research Update: Westinghouse Air Brake Technologies Corp. Rating Raised To 'BB+' From 'BB' On Good Operating Performance; Outlook Stable
- Published: May 2011
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
U.S.-based Westinghouse Air Brake Technologies Corp. (Wabtec) continues to demonstrate good operating performance and credit measures as the company's freight rail end market improves and its transit rail market remains stable. We are raising our ratings on Wabtec, including the corporate credit rating (CCR), to 'BB+' from 'BB'. The stable outlook reflects our view that Wabtec will maintain financial policies and credit measures adequate for the 'BB+' rating. On May 6, 2011, Standard & Poor's Ratings Services raised its ratings, including the CCR, on Wilmerding, Pa.-based Westinghouse Air Brake Technologies Corp. (Wabtec) to 'BB+' from 'BB'. At the same time, we raised our issue-level ratings on the company's senior unsecured debt to 'BB+' (the same as the CCR) from 'BB'...
Companies mentioned in this report are: Westinghouse Air Brake Technologies Corp.
Action: Outlook: Stable
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Westinghouse Air Brake Technologies Corp.
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