Fitch rates TransDigm loans BB-

Fitch Ratings said it expects to assign a BB- rating to TransDigm Inc.'s (TDI) senior secured revolving credit facility and senior secured first-lien term loan associated with the recapitalization of both TransDigm Inc. and TransDigm Group.

Fitch also affirmed TransDigm Group's issuer default rating at B and TransDigm Inc.'s IDR at B.

The outlook is stable.

Fitch said TransDigm Group's ratings reflect strong consolidated free cash flow, high margins and a diverse portfolio of products providing components on most commercial jet aircraft, as well as a number of U.S. military platforms.

Concerns focus on TransDigm Group's high leverage, acquisition strategy and the potential for exogenous shocks to the commercial aerospace market, the agency added.

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