|
|
 |
|
Viewing report
|
|
|
|
AAR Corp. Outlook Revised to Stable, Ratings Affirmed; Recovering Airline Industry Cited Jul 04
Standard & Poors, July 2004
Abstract
NEW YORK (Standard & Poor's) July 2, 2004-- Standard & Poor's Ratings Services said today that it revised its outlook on AAR Corp. to stable from negative. At the same time, Standard & Poor's affirmed its ratings, including the 'BB-' corporate credit rating, on the company. The Wood Dale, Ill.-based provider of aviation support services has about $250 million of debt outstanding. 'The outlook revision is based on gradually recovering demand from the airline industry, AAR's primary market, the firm's return to profitability in the fiscal year ended May 31, 2004, and better liquidity,' said Standard & Poor's credit analyst Roman Szuper. The ratings on AAR reflect the risks associated with highly cyclical conditions in the airline industry, offset partly...
Companies mentioned in this report are: AAR Corp.
Action: Affirmed
Action: Outlook: Stable
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.
|
|
|
|
