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AAR Corp. Feb 09
Standard & Poors, Feb 2009
Abstract
The company's position as a major independent provider of selected aviation support services; and Overall appropriate financial profile. AAR Corp.'s primary market, the airline industry, is highly cyclical and is now affected by the economic recession; Growth initiatives and acquisitions increased debt in 2008; and A competitive operating environment. The ratings on AAR Corp. reflect the risks associated with its primary market, the highly cyclical airline industry (currently affected by the recession), increased debt to fund to growth initiatives and acquisitions, and a competitive operating environment. These factors are offset in part by AAR's established business position and an overall appropriate financial profile. Wood Dale, Ill.-based AAR is a major independent provider of aviation support services, operating in four groups:...
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 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: Full Analysis
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