Moody's: TransDigm to stable

Moody's Investors Service said it affirmed the corporate family and probability of default ratings of TransDigm, Inc. at B1 and changed the outlook to stable from negative.

Separately, Moody's said it affirmed the company's senior secured credit facility rating at Ba2 and the senior subordinated notes at B3 and assigned a speculative grade liquidity rating of SGL-1, indicating a very good near-term liquidity profile.

Moody's said TransDigm has maintained its record of good free cash flow generation since buying McKechnie, which Moody's said it believes will be sustained. For fiscal 2011, Moody's anticipates TransDigm to have generated free cash flow above $200 million with free cash flow to debt of above 8%.

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