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AAR Corp. Feb 11
Standard & Poors, February 2011
The company's position as a major independent provider of selected aviation support services. Overall appropriate financial profile. The airline industry, one of AAR's primary markets, is highly cyclical. Increased financing requirements to support growth. A competitive operating environment limits profit margins. The ratings on AAR Corp. reflect the risks associated with its commercial market, the highly cyclical airline industry, which is a competitive operating environment that limits profitability, and higher financing requirements to support growth initiatives, including potential additional acquisitions. AAR's established business position, diversity from defense operations, and our expectations of an overall appropriate financial profile partially offset these factors. Wood Dale, Ill.-based AAR is a major independent provider of aviation support services, operating in four business segments: aviation...
Companies mentioned in this report are: AAR Corp.
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