- Language: English
- 69 Pages
- Published: May 2008
- Region: World
Summary: Triumph Group Inc. Nov 11
- Published: November 2011
- Standard & Poors
Standard & Poor's Ratings Services' ratings on Wayne, Pa.-based Triumph Group incorporate our expectations that the company will continue to use its free cash flow to reduce debt, which we believe will lead to an improvement in key credit metrics over the next two years. We assess Triumph's business risk profile as fair, given its participation in the competitive and cyclical commercial aerospace market, for which the company is a major supplier. Offsetting this factor somewhat is its presence on a range of commercial aircraft, as well as business jets and military aircraft, which provide meaningful diversity. We view the company's financial risk as significant, reflecting its increased leverage following the June 2010 acquisition of Vought Aircraft Industries Inc. Triumph...
Companies mentioned in this report are:
- Triumph Group Inc.
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- Triumph Group Inc.
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