Moody’s alters Raytheon view to stable

Moody’s Investors Service said it changed the outlook to stable from under review and confirmed its Baa1 senior unsecured ratings for Raytheon Technologies Corp.

The confirmation concludes the review for upgrade initiated on Feb. 11, the agency said.

“The stable ratings outlook reflects Moody’s expectation that the company’s commercial aerospace operations will face strong headwinds for an extended period through at least 2021, limiting free cash flow generation and the strengthening of key credit metrics,” the agency said in a press release.

The A3 senior unsecured rating and stable outlook for subsidiary Raytheon Co. are not affected by today’s rating actions.

© 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.