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Allison Transmission Inc. Outlook Revised To Stable On Our Expectation Of Improving Leverage; ?B? Rating Affirmed
Standard & Poors, March 2010
Abstract
Allison Transmission Inc.'s leverage remains high, at nearly 7.8x as of Dec. 31, 2009. However, we expect the company to generate free operating cash flow in 2010. We expect leverage to gradually decline in 2010 and 2011 as EBITDA improves slightly and the company makes small debt repayments. We are revising our outlook to stable from negative and affirming our 'B' rating. NEW YORK (Standard & Poor's) March 19, 2010--Standard & Poor's Ratings Services today said it has revised its outlook on Allison Transmission Inc. to stable from negative and affirmed its 'B' corporate credit rating and other ratings. 'The outlook revision reflects our view that Allison will continue to generate modest but still positive free operating cash flow over...
Companies mentioned in this report are: Allison Transmission Inc.
Action: Affirmed
Action: Outlook: Stable
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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