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Fitch rates TransDigm notes B-
Fitch Ratings said it assigned a B- rating to TransDigm Inc.'s (TDI) senior subordinated notes associated with the recapitalization of both TDI and TransDigm Group (TDG).
The outlook is stable.
Fitch said it still expects to assign a BB- rating to TDI's senior secured revolving credit facility and senior secured first lien term loan upon closing.
Fitch said TDG'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.
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