Moody's affirms EADS

Moody's Investors Service said it affirmed the A1 long-term rating of European Aeronautic Defense and Space Co. (EADS).

The outlook remains stable.

The affirmation follows the recent decision to change the outlook on France's sovereign rating to negative from stable.

The company's ratings reflect a baseline credit assessment Baa1, the Aaa rating of the government of France and the company's low dependence and strong support, Moody's said.

The ratings also consider its strong market position as a leader in aircraft production with a sizable and growing asset base, the agency said.

Moody's said it expects EADS' credit profile to be further strengthened as the company benefits from strong commercial airplane order activity

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