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Aeronautic Defense Company EADS Outlook Revised To Positive On Strong Financial Performance; 'A-/A-2' Ratings Affirmed Sep 11
Standard & Poors, Sep 2011
Abstract
EADS has generated solid free cash flow and paid out very moderate dividend distributions over the past few years. We consider that EADS' financial risk profile has improved to the higher end of our category 'modest'. We are therefore revising the outlook to positive and affirming the 'A-/A-2' ratings. We could raise the ratings over the next 24 months if EADS can manage the project risk on the A350XWB aircraft, while maintaining its 'modest' financial risk profile. FRANKFURT (Standard & Poor's) Sept. 20, 2011--Standard & Poor's Ratings Services said today it revised its outlook on Netherlands-based European Aeronautic Defence and Space Co. N.V. (EADS) to positive from stable. At the same time, we affirmed our 'A-/A-2' long- and short-term corporate...
Companies mentioned in this report are: European Aeronautic Defence and Space Co. N.V.
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.
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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