|
|
 |
|
Viewing report
|
|
|
|
AAR Corp Outlook Revised to Pos;BBB- Rtg Afmd by S&P Feb 97
Standard & Poors, Feb 1997
Abstract
NY -- Standard & Poor's CreditWire 2/7/97 -- Standard & Poor's today has revised its outlook on AAR Corp. to positive from stable and has affirmed its triple-`B'-minus senior unsecured debt and corporate credit ratings on the company. The outlook revision is based on a recent common stock offering of 2 million common shares (net proceeds of $50 million), which strengthens an already solid capital structure. Proceeds will be used to expand the company's operations. The rating action also incorporates expectations that the firm's financial performance, supported by overall favorable industry conditions, will continue to improve. The rating on AAR reflects the Wood Dale, Ill.-based company's established business position, successful trading operations, and moderate financial policy. The firm is a...
Companies mentioned in this report are: AAR Corp.
Action: New Rating
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.
|
|
|
|
