Moody's: TransDigm up to stable

Moody's Investors Service said it confirmed the ratings of TransDigm, Inc., and changed the outlook to stable from negative.

Moody's confirmed TransDigm's B1 senior secured revolving credit facility and secured term loan B, B3 senior subordinated notes, B1 senior implied rating and B2 senior unsecured issuer rating.

Moody's said the change in outlook was prompted by the company's continued strong and stable operating margins while undertaking a significant level of acquisitions since the company's recapitalization in 2003.

The ratings continue to reflect the company's substantial debt levels, high leverage, the integration risk associated with recent acquisitions and uncertainty surrounding the size, and funding of potential additional acquisitions, according to Moody's.

© 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.