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
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Product Type: Research Update
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