|
|
 |
|
Viewing report
|
|
|
|
AAR Corp. Dec 03
Standard & Poors, Dec 2003
Abstract
Largest independent provider of aviation support services; and Moderately leveraged capital structure. Difficult conditions in the airline industry, the company's primary market; Weak profitability; and Subpar credit protection measures. The ratings on Wood Dale, Ill.-based AAR Corp. reflect the risks associated with difficult conditions in the airline industry, the company's primary market; weak profitability; and subpar credit protection measures. Those factors are partly offset by the company's established business position and moderately leveraged capital structure. AAR is the largest independent provider of aviation support services, operating in four groups: inventory and logistics services (40% of revenues in fiscal year ended May 31, 2003); maintenance, repair, and overhaul (34%); manufacturing (20%); and aircraft and engine sales and leasing (6%). The U.S....
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
|
|
|
|
