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Fitch affirms TransDigm
Fitch Ratings said it has affirmed the issuer default ratings for TransDigm Group Inc. and its indirect subsidiary TransDigm, Inc., as well as affirming the ratings for the senior secured credit facility and the senior subordinated notes.
The agency said that the ratings affirmed are as follows: TransDigm Group's long-term issuer default rating at B as well as TransDigm's issuer default rating at B; senior secured revolving credit facility at BB/RR1; senior secured term loan at BB/RR1; and senior subordinated notes at B-/RR5.
The outlook remains stable.
Fitch noted that ratings have been affirmed given the company's high profit margins, low capital expenditures and the resulting strong cash flow.
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