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Moody's boosts BE
Moody's Investors Service said it has raised BE Aerospace, Inc.'s senior secured credit facility rating to Baa2 from Baa3 following the announced upsizing of its proposed senior unsecured notes due 2020 to $650 million from $500 million.
This increase did not affect other ratings; accordingly, Moody's said it affirmed the company's corporate family and probability of default ratings at Ba2, the senior unsecured notes ratings at Ba3, shelf rating at provisional Ba3 and the speculative-grade liquidity rating at SGL-1.
The outlook remains stable.
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