Moody’s changes Wesco Aircraft to stable

Moody's Investors Service said it affirmed ratings for Wesco Aircraft Hardware Corp. including the B1 corporate family rating and B2-PD probability of default rating.

The outlook was changed to stable from positive.

Moody’s said the outlook change reflects weaker-than-expected earnings and cash flows which will result in minimal debt reduction over the balance of fiscal year 2017.

The positive outlook incorporated expectations of a faster rate of deleveraging than will now occur during 2017.

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