S&P rates TransDigm loan B+

Standard & Poor's said it assigned its B+ bank loan rating and 2 recovery rating to TransDigm Inc.'s proposed $800 million secured credit facility, consisting of a $150 million revolving credit facility and $650 million term loan.

At the same time, S&P said it affirmed its existing ratings, including the B+ corporate credit rating, on the company.

The outlook is stable.

The agency noted that the ratings for TransDigm reflect a highly leveraged balance sheet, cyclical and competitive pressures in the commercial aerospace industry and a relatively modest scale of operations.

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