- Language: English
- Published: June 2012
Research Update: GATX Corp., GATX Financial Corp. Ratings Affirmed, Outlook Revised to Positive Dec 04
- ID: 1827349
- December 2004
- Standard & Poors
On Dec. 21, 2004, Standard & Poor's Ratings Services revised its outlook on GATX Corp. and subsidiary GATX Financial Corp. to positive from stable. At the same time, Standard & Poor's affirmed the 'BBB-' corporate credit rating on both entities. The outlook revision reflected GATX's improving earnings and debt reduction, which have resulted in a modest improvement in its credit ratios. With sustained increases in lease rates for both railcars and aircraft due to strengthening demand, the company's credit profile is expected to continue to benefit from this trend over the intermediate term, which could result in a ratings upgrade. The ratings on Chicago, Ill.-based GATX Corp. and its major operating subsidiary GATX Financial Corp. reflect strong market positions in...
Companies mentioned in this report are:
- GATX Corp.
- GATX Financial Corp.
Action: Outlook: Positive
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. SHOW LESS READ MORE >