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Research Update: GATX Completes Sale Of Aircraft Lease Assets; Ratings Still On Watch Positive Jan 07 Product Image

Research Update: GATX Completes Sale Of Aircraft Lease Assets; Ratings Still On Watch Positive Jan 07

  • Published: January 2007
  • Standard & Poors

FEATURED COMPANIES

  • GATX Corp.
  • GATX Financial Corp.
  • MORE

Abstract
On Jan. 18, 2007, Standard & Poor's Ratings Services stated that its ratings on GATX Corp. and its major operating subsidiary, GATX Financial Corp., including the 'BBB' corporate credit rating on both entities, remain on CreditWatch with positive implications, where they were placed on Sept. 28, 2006. The CreditWatch update follows the Jan. 17, 2007, announcement that GATX has completed the final step in the sale of its aircraft lease assets. GATX stated that it intends to provide guidance on the use of proceeds from the sale of these assets on Jan. 25, 2007. As previously indicated, Standard & Poor's will review GATX's use of proceeds from the sale and the effect on its financial profile to resolve the CreditWatch...

Companies mentioned in this report are:
- GATX Corp.
- GATX Financial Corp.

Action: CreditWatch Update

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 READ MORE >

- GATX Corp.
- GATX Financial Corp.

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