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AAR Corp. Outlook To Positive On Better Credit Measures; 'BB-' CCR Affirmed Mar 06
Standard & Poors, March 2006
Abstract
NEW YORK (Standard & Poor's) March 1, 2006--Standard & Poor's Ratings Services today revised its outlook on AAR Corp. to positive from stable. At the same time, Standard & Poor's affirmed its ratings, including the 'BB-' corporate credit rating, on the aviation support services provider. About $300 million of debt is outstanding (excluding $28 million of nonrecourse debt), pro forma for the $150 million of notes issued in January 2006 and conversion of $38 million of debt into equity that month. 'The outlook revision is based on improving credit protection measures, stemming from increasing profitability and equity base,' said Standard & Poor's credit analyst Roman Szuper. The ratings on AAR reflect the risks associated with highly cyclical and competitive conditions...
Companies mentioned in this report are: AAR Corp.
Action: Affirmed
Action: Outlook: Positive
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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