Moody's may up Precision Castparts

Moody's Investors Service said it placed Precision Castparts Corp.'s Baa2 senior unsecured rating under review for upgrade and affirmed the company's Prime-2 short-term rating.

The review recognizes strong performance, current credit metrics, greater scale and expectations that fundamental drivers are likely to support further expansion over the intermediate term, according to the agency.

For the 12 months through June 30, the issuer's debt-to-EBITDA ratio was measured at 0.3 times.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.