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Aerospace & Defense Credit Outlook Stays Stable, Says S&P Report Card Apr 06
Standard & Poors, April 2006
Abstract
NEW YORK (Standard & Poor's) April 28, 2006-Both the commercial aerospace and defense sectors experienced another relatively stable quarter, with few rating actions taken since publication of the last industry report card in December 2005, according to a Standard & Poor's Ratings Services' report published today. 'Industry Report Card: Global Aerospace & Defense' covers 50 rated issuers. Commercial aerospace saw a one-notch upgrade of Hexcel Corp. (BB-/Positive/--), based on its improved financial profile after debt reduction, benefits of restructuring efforts on profitability, and a continued recovery in the commercial aerospace market, the report notes. Outlooks were revised on two issuers: to positive from stable on AAR Corp. (BB-/Positive/--) and to stable from negative on Sequa Corp. (BB-/Stable/--). About 35% of...
Companies mentioned in this report are: Boeing Co.,GenCorp Inc.,Hexcel Corp.,BAE Systems PLC,European Aeronautic Defence and Space Co. N.V.,AAR Corp.,Sequa Corp.,Alliant Techsystems Inc.,DRS Technologies Inc.,Armor Holdings Inc.
Action: General Comment
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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