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AAR Corp. Aug 07
Standard & Poors, Aug 2007
Abstract
The company's position as a major independent provider of selected aviation support services; and Moderate financial policies, resulting in somewhat lower- than-typical debt leverage for the rating. The highly cyclical nature of AAR's primary market, the airline industry (although industry conditions have improved); A competitive operating environment; and Modest, but increasing, profitability. The ratings on Wood Dale, Ill.-based AAR Corp. reflect the risks associated with the company's primary market, the highly cyclical and competitive airline industry, and AAR's modest, albeit increasing, profitability. These factors are offset in part by the company's established business position, moderate financial policies, and sufficient liquidity. The global airline industry has continued to strengthen in 2007, spurred by the healthy U.S. economy and growing air traffic,...
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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