• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: AAR Corp. Jun 05 Product Image

Summary: AAR Corp. Jun 05

  • Published: June 2005
  • Standard & Poors

Abstract
The ratings on AAR Corp. reflect the risks associated with highly cyclical conditions in the airline industry, the firm's primary market, offset in part by the company's established business position and moderately leveraged capital structure. The ratings also reflect expectations that AAR's profitability and credit protection measures will continue to improve. In the fiscal year ending May 31, 2005, AAR's sales and earnings grew materially, reflecting gains in most of its operations. This partly reversed a significant decline in business that stemmed from the severe downturn in the airline and commercial aviation sectors following the Sept. 11, 2001, events and other shocks to the aviation system. The return to modest profitability has been aided by extensive cost reductions, strength in...

Companies mentioned in this report are: AAR Corp.
Action: Review

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 READ MORE >

AAR Corp.

Note: Product cover images may vary from those shown

RELATED PRODUCTS